Tempus is planning to list on the Nasdaq under the ticker symbol 'TEM'
Tempus AI Inc. is about to give investors a way to play the intersection of medicine and artificial intelligence.
The healthcare-technology company, founded in 2015, plans to offer 11.1 million shares for between $35 and $37, setting Tempus (TEM) up to raise just over $410 million at the high point of that range.
Tempus's technology seeks to personalize laboratory testing by analyzing results in the context of a patient's other clinical information. "Our goal is to embed AI, including generative AI, throughout every aspect of diagnostics to enable physicians and researchers to make personalized, data-driven decisions that improve patient care," the company said in its prospectus.
The company also sees itself as occupying a unique position within healthcare. "Unlike traditional diagnostic labs, we can incorporate unique patient information, such as clinical, molecular, and imaging data, with the goal of making our tests more intelligent and our results more insightful," Tempus noted in the filing. "Unlike other technology companies, we are deeply rooted in clinical care delivery as one of the largest sequencers of patients in the United States."
Tempus brought in $531.8 million in revenue during 2023, up from $320.7 million in 2022. During the most recent March quarter, its revenue was $145.8 million, up from $115.6 million in the same period a year prior.
Losses narrowed on an annual basis, but widened when looking at the most recent quarter. Tempus reported a net loss of $214.1 million for 2023 compared with $289.8 million in 2022. In the March quarter of 2024, it logged a $64.7 million net loss, compared with $54.4 million a year earlier.
Eric Lefkofsky, who founded the company, serves as chief executive. He previously co-founded Groupon Inc.
Tempus is planning to list on the Nasdaq under the ticker symbol "TEM."
Donald Trump on Tuesday urged the judge who oversaw his Manhattan hush money trial to remove a court order barring him from bashing witnesses or jurors in the criminal case — citing time for this month’s presidential debate.
A lawyer for the 77-year-old presumptive 2024 Republican nominee — and as of last week, a convicted felon — sent a letter to Manhattan Supreme Court Justice Juan Merchan citing Trump’s June 27 debate with President Biden among several reasons to lift the limited “gag order.”
Former President Donald Trump asked the judge to who oversaw his Manhattan hush money trial to lift the gag order in the case.Photo by David Dee Delgado/Getty Images
The court’s reasons for imposing the order — protecting the “integrity” of the trial and preventing “prejudice” among jurors — are moot now that the trial is over, Trump attorney Todd Blanche wrote.
“Now that the trial is concluded, the concerns articulated by the government and the Court do not justify continued restrictions on the First Amendment rights of President Trump — who remains the leading candidate in the 2024 presidential election,” Blanche wrote in the letter.
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“The constitutional mandate for unrestrained campaign advocacy by President Trump is even stronger in light of” Biden’s public comments about the verdict, the upcoming presidential debate, and other factors, Blanche wrote.
Justice Juan Merchan restricted Trump’s statements on jurors, witnesses and others involved in the case.REUTERS/Jane Rosenberg
The limited gag order signed by Merchan in March stopped Trump from speaking about trial witnesses like his ex-fixer Michael Cohen and the porn star Stormy Daniels, who have both commented on the case after a Manhattan jury found Trump guilty of illegally fudging documents to cover up a plot to hide sex scandals from voters before the 2016 election.
The former president was also barred from ripping individual prosecutors on the case, plus Merchan’s family and the family of Manhattan District Attorney Alvin Bragg. But it’s a limited gag order, rather than a total gag order stopping him from commenting on the case entirely.
Trump has still been allowed to rip Bragg and Merchan to his heart’s content and has repeatedly blasted the judge and prosecutor as part of his claim that the case was a politically motivated scheme to remove him from the campaign trail.
It’s possible the gag order ended with the May 30 jury verdict, but Trump’s lawyers asked Merchan to clarify.
A rep for New York state courts said the order “speaks for itself.” Reps for the Manhattan DA’s office declined to comment. During the trial, Trump repeatedly complained that the gag order was unfair — but state appeals courts kept it in place despite his efforts to remove it. Merchan fined Trump $10,000 for breaching the order, including by griping about the jury on an April 22 radio show.
Trump claimed in that interview that the jury was “95% Democrats,” despite the fact that none of the 12 jurors or six alternates on the case were asked to disclose their political parties, which is a normal practice in politically heated cases like his.
A trove of leaked internal documents shows that Google collected children’s voice data, and recorded license plate numbers and car pool routes including home addresses, according to a report.
Google employees self-reported privacy and data security breaches from recent years that were previously unknown to the public.Reuters
The company claimed it was a bug within the Google Assistant feature that was soon fixed.
“Estimated 1K child speech utterances was collected. Team deleted all logged speech data from the affected time period,” the leaked report said.
In another incident, a Google employee reported that Google Street View was storing license plate numbers in a database after the plates were detected by an algorithm that is used to pick up text, according to the outlet.
“Unfortunately, the contents of license plates are also text and, apparently, have been transcribed in many cases,” the Google staffer who noticed the data breach wrote.
“As a result, our database of objects detected from Street View now inadvertently contains a database of geolocated license plate numbers and license plate number fragments.”
The employee noted in the report that “this was an accident” and that the system “that transcribes these pieces of text should have been avoiding imagery identified by our license plate detectors” but “for reasons as-yet unknown, was not.”
The data has since been purged, according to the company.
According to a report, Google Street View cars inadvertently collected license plate data.AFP/Getty Images
Google also allegedly exposed the email addresses, geolocation information and IP addresses of one million users, among them children, after it acquired a company called Socratic.org.
“This exposure has been addressed as part of the closing conditions for this acquisition. However, the data was exposed for > 1yr and could already have been harvested,” the report read.
Google told 404 Media that all of the privacy breaches were addressed after the issues were discovered.
“At Google, employees can quickly flag potential product issues for review by the relevant teams,” a company rep said.
“In some cases, these employee flags turned out not to be issues at all or were issues that employees found in third-party services.”
Earlier this year, Google agreed to destroy billions of data records to settle a lawsuit claiming that it secretly tracked the internet use of people who thought they were browsing privately.REUTERS
Google said that the reports obtained by 404 “are from over six years ago and are examples of these flags — every one was reviewed and resolved at that time.”
The Post has sought comment from Google.
Google has had a history of notable privacy and data security lapses. In 2010, the company rollout of the now-defunct Google Buzz, the social networking and messaging tool, exposed user contacts without consent, leading to complaints and a settlement with the Federal Trade Commission.
That same year, Google admitted its Street View cars inadvertently collected personal data such as email addresses and passwords from unencrypted Wi-Fi networks.
In 2020, users of Google’s G Suite had their passwords exposed.
In April, Google agreed to destroy billions of data records to settle a lawsuit claiming that it secretly tracked the internet use of people who thought they were browsing privately.
