New AI Company - backed by Google
Google-backed Tempus AI closes first day of trading up 9% in Nasdaq stock market debut
Tempus AI, a health-care diagnostics company that uses AI to interpret medical tests to help physicians provide more accurate treatment for their patients, rose by as much as 15% in its Nasdaq Stock Market debut on Friday, after going public under the symbol $Tempus AI (TEM.US)$
Tempus AI priced 11.1 million shares at $37 apiece on Thursday, at the top of its initial $35 to $37 target range. The company raised $410 million at an implied valuation of just over $6 billion. Its early gains took the company to a valuation as high as $7 billion, but it closed its first day of trading up nearly 9%, for a market cap of roughly $6.65 billion.
Tempus believes that AI can help guide therapy selection and treatment decisions, in conjunction with the patient’s doctor. It generated total revenue of $531.8 million in 2023 and a net loss of $214.1 million.
Tempus AI is applying some of the most heavily-funded technology concepts — artificial intelligence and data analysis — to building a better, more informed medical profession. The lack of diagnostic testing early in the Covid-19 outbreak was an example of how a system as mature as our health-care infrastructure can still be unprepared for the future.
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123456FEDCBA : How do I buy tempus IPO?
Brianjh OP 123456FEDCBA : Hi. it's already listed. ticker symbol Is $Tempus AI (TEM.US)$ . Please do your due diligence before investing/trading this company.
SanjBot : See, theranos had the right idea. See, if it had of worked, they would be doing great things. Soon, AI will probably be analysing a finger prick of blood, and it will work.
Brianjh OP SanjBot : let's hope that is not the case
SanjBot Brianjh OP : It probably will be the future. I don't think people, even the ones creating this technology, can keep up with their own creations.
SanjBot Brianjh OP : Eyes wide shut, or eyes wide open... People are inventing and investing in this technology.
insearchofmoney : I see only Rowe 0.01% and rest of it is other's shareholders, I don't see Google in shareholders!
SanjBot Brianjh OP : Theranos lies the problem… : r/memes
Pheap : I just got it... precausely first. Let's see.