Ultrahuman, an Indian startup known for smart rings, raised $70 million in a funding round led by Qualcomm Ventures and others, valuing the company at $365 million. The startup aims to evolve its rings from simple health trackers to devices capable of running software and AI applications directly on the ring, enhancing functionality beyond health monitoring. Ultrahuman plans to integrate Qualcomm chips for greater computing power and will roll out new software features on existing rings by September, including game control and AI interaction. The company is growing rapidly with $140 million annual revenue run rate and plans to expand in markets like India and the UAE while investing in clinical research and offline sales channels.
Apple's stock dropped 3% following reports that it reduced component orders for the iPhone 18 Pro by 15-20% for October due to weaker-than-expected demand and higher memory chip prices. This move impacts Apple and its suppliers like Skyworks, which a...
Arm Holdings shares have jumped nearly 177% this year, driven by strong demand for its AI-focused CPUs and significant data center wins. Despite this rally, a price target model sets Arm's fair value at $284.70, about 6% below its current price of $3...
