Connect with us

Published

on

A user wearing an Oura Ring

Courtesy: Oura

Oura unveiled its new smart ring, the Oura Ring 4, on Thursday, which is available starting at $349. 

The company’s rings track sleep, exercise, stress, heart health and other metrics to help users understand their bodies and make healthier choices. The Oura Ring 4 has new sensors, a sleeker design and up to eight days of battery life. 

Oura said it developed a new “Smart Sensing” platform that uses an algorithm and updated sensors to capture more accurate readings for blood oxygen sensing, daytime and nighttime heart rate and breathing disturbances.

The Oura Ring 4

Courtesy: Oura

The sensors in Oura’s third-generation ring are raised and feel like little bumps, but the sensors in the Oura Ring 4 are flat. The company said this will give the ring a smooth interior that’s more comfortable to wear.

The Oura Ring 4 is available in twelve sizes and six colors, including a new black finish. It’s available for preorder on Thursday and will begin shipping Oct. 15. 

In addition to the upfront cost, users will have to pay for a membership of $5.99 a month or $69.99 a year. The first month is free. Customers can use flexible spending accounts and health savings accounts to pay for the ring and the membership. 

A new look for the app

Redesigned Oura app

Courtesy: Oura

The company also announced a new design for its app, which is now rolling out to Oura members. Under the new layout, users’ data will be organized into three tabs called Today, Vitals and My Health. 

The Today tab will highlight relevant information based on the time of day, and it includes shortcuts where people can quickly access information about their sleep, activity, readiness, stress, heart rate and menstrual cycles if applicable. Users can dive into more detail about their data in the Vitals tab and access longer-term metrics like sleep trends, cardiovascular age, sleep trends and stress resilience in the My Health tab. 

Oura said new features are coming to the app as well. 

While exercising, members won’t have to manually log their heart rate or the kind of workout they complete. They’ll also be able to see their activity and daily movement within their daytime stress data. Oura said this will help improve users’ understanding of how their behaviors and habits can influence their stress. 

Oura is also updating its reproductive health offerings to include a feature called fertile window, which will help inform users about their chances of getting pregnant. The fertile window will give users an estimate of their fertile days, their likelihood of conception and their detected day of ovulation. Oura said this feature will roll out in the coming months, but members can sign up to join the waitlist for early access.   

Oura Labs, where users can test new features, is now available on Android devices. The feature was previously only offered on iPhones.

Continue Reading

Technology

Joby lawsuit accuses air taxi rival Archer of using stolen information to ‘one-up’ deal

Published

on

By

Joby lawsuit accuses air taxi rival Archer of using stolen information to 'one-up' deal

An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023.

Roselle Chen | Reuters

Air taxi maker Joby Aviation in a new lawsuit accused competitor Archer Aviation of using stolen information by a former employee to “one-up” a partnership deal with a real estate developer.

“This is corporate espionage, planned and premeditated,” Joby said in the lawsuit filed Wednesday in a California Superior Court in Santa Cruz, where the company is based.

Archer and Joby did not immediately respond to CNBC’s request for comment.

The lawsuit alleges that former U.S. state and local policy lead, George Kivork, downloaded dozens of files and sent some content to his personal email two days before he resigned in July to take a job at Archer, which had recruited him.

By August, Joby said a partner that worked with Kivork said it had been approached by Archer with a “more lucrative deal.” Joby alleges that the eVTOL rival’s understanding of “highly confidential” details helped it leverage negotiations.

Joby also said the developer attempted to terminate the agreement, citing a breach of confidentiality.

Read more CNBC tech news

Kivork refused to return the files when Joby approached him after conducting an investigation, according to the suit. The company also said Archer denied wrongdoing, and would not disclose how it learned about the terms of the agreement or provide results from an internal investigation it allegedly undertook.

The lawsuit comes during a busy period for electric vertical takeoff and landing (eVTOL) technology as companies race to gain Federal Aviation Administration certification to start flying commercially. ‘

The sector has also benefitted from President Donald Trump‘s newly minted eVTOL pilot program.

Joby argued in the complaint that it’s “imperative” to protect Joby’s work “from this type of espionage” to promote the sector’s success and ensure fair competition.

Last week, Joby said it completed its first test flight for a hybrid aircraft it’s working on with defense contractor L3Harris. This month, Amazon-backed Beta Technologies, another electric flight company, also went public on the New York Stock Exchange.

Joby shares have more than doubled over the last year, while Archer is up about 68%.

In August 2023, Archer settled a previous legal dispute with Boeing-owned Wisk Aero over the alleged theft of trade secrets. As part of the deal, Archer agreed to use Wisk as its autonomous tech partner.

A hearing is scheduled for March 20, 2026.

Stock Chart IconStock chart icon

hide content

Joby and Archer year-to-date stock chart.

Continue Reading

Technology

Jobs data muddies the picture for a December rate cut, while the Nvidia rally fizzles

Published

on

By

Jobs data muddies the picture for a December rate cut, while the Nvidia rally fizzles

Continue Reading

Technology

Bitcoin falls to lowest level since April

Published

on

By

Bitcoin falls to lowest level since April

Andriy Onufriyenko | Moment | Getty Images

Bitcoin dropped on Thursday to levels not seen in more than six months, as investors appeared to pull back exposure to riskier assets and weighed the prospects of another Federal Reserve rate cut next month.

The flagship digital currency fell to as low as $86,325.81, its lowest level since April 21. It last traded at $86,690.11.

The release of stronger-than-expected U.S. jobs data raised questions about whether the central bank would lower its benchmark overnight rate. The U.S. economy added 119,000 in September, well above the 50,000 economists polled by Dow Jones expected.

That report sent the probability of a December rate cut to around 40%, according to the CME Group’s FedWatch tool.

Bitcoin’s pullback formed part of a broader cryptocurrency market decline. XRP was last down 2.3% on the day, and is below $2.00, while ether shed more than 3% to trade well below $3,000. Dogecoin was unchanged.

The world’s oldest crypto also led stocks lower, even after a blockbuster Nvidia earnings report. Traders who are heavily invested in AI-related stocks tend to also hold bitcoin, linking the two trades.

Bitcoin’s price has largely slid since a rash of cascading liquidations of highly leveraged crypto positions in early October.

Continue Reading

Trending