There were a lot of grimaces at the Nasdaq during SmileDirectClub’s first day of trading, when shares plunged 27.5% Thursday from the IPO price of $23 to close at $16.67. The stock opened at $20.55 and fell from there. SmileDirectClub, which sells plastic teeth-straightening aligners direct-to-consumer, has faced mounting losses. It incurred a net loss of $74.8 million on $423.2 million in...
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Introducing The Information’s Generative AI Database
OpenAI’s ChatGPT launched six months ago, igniting a boom in generative artificial intelligence. Since then, all manner of startups have emerged, building technology to compete with ChatGPT and developing services that use generative AI. Despite an otherwise cool funding environment, investors are jockeying to join the action. The most recent sign: The Information reported Wednesday that...
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