Tech stocks today: Oura files IPO paperwork, Nvidia's Huang pushes back on AI doomsday talk

On Monday, health tracking ring producer Oura filed paperwork for its initial public offering. The company aims to raise up to $2.2 billion by selling 50 million shares priced between $40 and $44. In the nine months leading up to June 30, Oura's revenue stood at $1.2 billion, a rise from $697 million in the same period a year prior. The company reported a net loss of $924 million during that time. Oura says it sold 4.1 million Oura Rings during this period, up from 1.8 million in the same timeframe last year.

Regarding artificial intelligence, Nvidia CEO Jensen Huang responded to AI doomsday talk in an interview with CBS News on Sunday. This interview occurred following Anthropic CEO Dario Amodei's essay calling for a slowdown in the development of frontier AI systems. Huang dismissed fears that AI would lead to human extinction, stating that such concerns were not grounded in facts or science. However, he acknowledged that AI researchers' concerns about building safe products are valid.