Wall Street brokerages started covering SoftBank Group-backed Tempus AI on a bullish note on Tuesday, betting that the company's AI-powered library of clinical and molecular data could lead to more powerful diagnostic and test kits.
Wall Street brokerages started covering SoftBank Group-backed Tempus AI on a bullish note on Tuesday, betting that the company's AI-powered library of clinical and molecular data could lead to more powerful diagnostic and test kits.
The brokerages, which were underwriters for Tempus' initial public offering, issued their first ratings after the so-called"quiet period" ended on Tuesday. Tempus AI's net loss widened to $289.8 million in 2023 from $214.1 million a year earlier, while total revenue jumped 65.8 per cent to $531.8 million.
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