Sherwood News

1 day ago | sherwood.news | Millie Giles

Aerial view of a data center in Sterling, Virginia. (Getty Images)Running AI compute on phones could offer a glimmer of hope for reducing the tech’s mounting power use. The AI boom has come with a slew of side effects, but beyond social implications, geopolitical complications, and economic transformations, the growing number of data centers used to power the tech could have a devastating environmental impact — and it might come sooner than we initially imagined.

2 days ago | sherwood.news | Matt Phillips

(John Keeble/Getty Images)The company is taking advantage of a surge in its stock price to raise some corporate cash. Drone weaponry maker Kratos Defense is down after it announced the sale of roughly 13 million new shares at $38.50 apiece in an underwritten offering that will raise just over $480 million. The company could also sell another 2 million shares over the next month or so as part of the deal.

3 days ago | sherwood.news | Matt Phillips

Jefferies analysts published an update on Duolingo Wednesday that showed a marked deceleration in the growth of daily active users, helping the push the stock to its worst day in over two months. The analysts wrote: [Daily active user] growth on the mobile app decelerated to +37% y/y in June, a slowdown from +53%/+41%/+40% in Mar/Apr/May. Visits growth on the mobile app also decelerated below the 1Q trajectory, with +30%/+35% growth in April/May (June not yet available) vs. +37% in 1Q.

3 days ago | sherwood.news | Millie Giles

Leaders of 32 major European and North American countries met at the NATO summit in The Netherlands on Wednesday, and agreed to commit to spending 5% of gross domestic product on defense by 2035, an enormous rise from the previous target of 2%. Ahead of the meeting, the alliance endorsed Article 5 of its founding treaty in light of rising international tensions.

3 days ago | sherwood.news | Patrick Sisson

As healthcare startup names go, Eternal is certainly not subtle. An athlete-focused care clinic started by a cofounder of The Athletic, Eternal raised $13 million earlier this year for high-performance healthcare, with locations in New York and San Francisco. Clients come in for proprietary testing in what’s essentially a wired gym, submitting to bloodwork, bone scans, and workout sessions measuring numerous performance metrics to arrive at an action plan that gets reevaluated after six months.