Wednesday, December 1, 2021

Brazilian neobank Nubank lowers its IPO range from $10-$11 to $8-$9, targeting a $41.5B valuation and raising up to $2.6B (Michael Pooler/Financial Times)

Michael Pooler / Financial Times:
Brazilian neobank Nubank lowers its IPO range from $10-$11 to $8-$9, targeting a $41.5B valuation and raising up to $2.6B  —  Implied $41.5bn valuation would make lender most valuable financial institution in its home country  —  Nubank has scaled back its planned initial public offering in New York …



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Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-world tasks like navigating rooms, trained on Qwen3-VL (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg : Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-worl...