Lemonade plans to price its shares at between $23 and $26 each in its upcoming initial public offering, according to its amended S-1 filing . The homeowners and renters insurance business intends to sell 11 million shares on the New York Stock Exchange under the ticker symbol LMND. A midpoint pricing would value the company at about $1.3 billion, a significant decrease from its most recent...
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Meta, OpenAI Square Off Over Open Source AI
Artificial intelligence leaders and policymakers are divided on a key question: Are cutting-edge AI models too powerful to hand to just anyone? That question has pitted companies such as Meta Platforms, which recently made the code for its conversational AI freely available on the internet, against rivals such as OpenAI that sell proprietary AI like ChatGPT but don’t share the code....
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