Oura files for IPO; Huang dismisses AI doomsday fears
Health ring maker seeks $2.2B in IPO as Nvidia CEO contests existential AI risks.
What to know
- Oura is going public with an IPO filing targeting $2.2 billion, with 4.1 million rings sold in nine months ending June 30.
- Nvidia's Huang rejected existential AI risks as scientifically unfounded in response to recent calls for AI development slowdowns.
“completely false”
Jensen Huang, Nvidia CEO · Yahoo Finance (CBS News interview) ↗ · Sep 19
Oura Health tracking ring company
Jensen Huang Nvidia CEO
Dario Amodei Anthropic CEO
How it unfolded 1 development · click the chart to see its coverage articlesposts
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Oura files for IPO, targets $2.2 billion
The health tracking ring maker publicly filed IPO paperwork Monday, looking to raise upwards of $2.2 billion through the sale of 50 million shares priced between $40 and $44. The company reported $1.2 billion in revenue for the nine months ending June 30, up from $697 million in the prior year period, though it posted a net loss of $924 million.
“The company is looking to raise upwards of $2.2 billion via the sale of 50 million shares priced between $40 and $44.”
— Oura -
1 outlet Tech stocks today: Oura files IPO paperwork, Nvidia's Huang pushes back on AI doomsday talk
first by Yahoo Finance, 2d ago
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background
Huang calls AI doomsday fears "completely false" — Nvidia CEO Jensen Huang pushed back against existential AI concerns in a CBS News interview, responding to Anthropic CEO Dario Amodei's essay calling for a slowdown in frontier AI development. Huang dismissed fears of AI killing humans, stating they lack factual and scientific grounding, while acknowledging that researchers' concerns about building safe products are legitimate.