Axios

Oura, the Finnish smart ring maker, will seek to raise up to $3b in a U.S. IPO that could come as early as next month, according to Bloomberg.

Why it matters: This would test whether Wall Street believes the wearables market will evolve from personal electronics into reimbursable health-care services.

OpenAI released fresh benchmarks Tuesday that show its new Jalapeño chip delivering industry-leading performance and energy efficiency when serving several open source models.

Why it matters: It's part of a trend of AI model creators developing their own chips to cut costs, meet demand and reduce dependence on industry giant Nvidia.

• Hugging Face is reportedly in talks to be acquired for $13 billion. (TechCrunch)
• Smart ring maker Oura is looking to raise up to $3 billion in its U.S. IPO. (Bloomberg)
• Apple has backtracked on a plan that would have moved those using its "Hide my email" option to a separate domain, making it easier for companies to block such users. (MacRumors)

Luffu, the startup created by two of Fitbit's co-founders, debuted a fitness band Tuesday that they say is part of their effort to tap the power of AI to help family members keep tabs on one another.

Why it matters: The project aims to address the challenges faced by caregivers, including those in the sandwich generation with aging parents and kids at home.

Cisco is partnering with Supermicro to add high-powered AI servers to its Nvidia-backed infrastructure offering, expanding beyond networking to sell more of the equipment needed to run AI.

Why it matters: Cisco is leaning into its AI infrastructure business, betting that compute demand is not slowing anytime soon.

A United Nations agency is teaming up with a Switzerland-based organization to help governments build AI-powered software without relying solely on U.S.-based cloud providers.

Why it matters: Concerns about the world's reliance on foreign cloud providers have been mounting as governments question how much control they retain over sensitive citizen data stored on infrastructure operated by companies based abroad.

Investors are increasingly lending to AI-focused companies — and favoring them over the U.S. government.

Why it matters: The AI borrowing binge is one of many pressures raising borrowing costs for the government and, in turn, everyday Americans.

Businesses seeking more affordable and secure ways to use AI are turning to routing — the process of matching each query with the best, most efficient model for the task.

Why it matters: The popularization of routing could stymie the usage of the frontier AI models that are the most expensive to use and make.

Generalist has quietly raised around $200 million in new funding, just two months after the robotics AI startup raised $400 million.

Why it matters: Cash is flying fast for companies that are building "robot brains," which could impact blue-collar work.

The UAW and Deere are barreling toward a contract clash as Big Labor seeks to capture some of the immense wealth being created by the AI boom.

Why it matters: Old-school equipment makers like Deere and Caterpillar suddenly find themselves swept up in a sales-and-stock boom tied to AI, as data center developers gobble up bulldozers, excavators and other construction machines.