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The Oura Ring 4 Courtesy: OuraLISBON — Samsung's foray into smart rings isn't concerning the boss of the product category's pioneer, Oura — in fact, Tom Hale says he's seeing a boost in business. Oura's flagship product is the Oura Ring 4, a device known as a smart ring. Founded in Finland in 2013, the company has been called a pioneer by analysts in the smart ring space. CCS Insight forecasts Oura will end the year with a 49% market share in smart rings. New hardware and AIWhile Oura only sells rings currently, Hale sees the company developing new products in the future.
Persons: Oura, Tom Hale, Hale Organizations: CNBC, Web, CCS, Samsung, U.S . Food, Drug Administration, Apple, International Locations: LISBON, Lisbon, Finland, U.S
Vasco Pedro, co-founder and CEO of Unbabel, on the first day of the 2023 Web Summit at the Altice Arena in Lisbon. Unbabel's LLM allows AI translation in 32 languages, Vasco Pedro, the company's CEO, told CNBC in an interview at the Web Summit in Lisbon. Widn.AI is Unbabel's new product and is based on the company's proprietary large language model (LLM) called Tower. LISBON — Unbabel on Wednesday announced a translation service powered by artificial intelligence, adding another rival to a highly competitive space — with its CEO warning that humans may not be needed for translation at all in three years. But he said there will be an increase in the amount of content translated which will sustain the company's growth.
Persons: Vasco Pedro, Pedro, Widn.AI, There's Organizations: CNBC, Unbabel, Wednesday, Google Locations: Lisbon, Widn.AI, LISBON, Unbabel
LISBON — Apple will not introduce a smart ring, the CEO of health-tech firm Oura told CNBC, despite speculation the iPhone giant may be considering a move into this product category. Samsung's smart ring debut earlier this year has put the product firmly in the spotlight, with one analyst predicting earlier this year that Apple could launch its own smart ring in 2026. But Tom Hale, CEO of Oura — which has been developing smart rings since the company was established in 2013 — said he doesn't think Apple will enter the space. "I think they're probably keeping a close eye on Samsung and a close eye on us, but it's hard to do this product category right." Under CEO Tim Cook, Apple has put a large focus on health applications through the Apple Watch and related services.
Persons: Oura, Tom Hale, , they're, Hale, Tim Cook, Apple Organizations: Apple, CNBC, Apple Watch, Samsung Locations: LISBON, Lisbon, Portugal
watch nowLISBON — Wikipedia founder Jimmy Wales slammed X, formerly known as Twitter, after its takeover by Elon Musk, saying the social media service is losing users and has been "overrun by trolls and lunatics." "I think a lot of people are fleeing Twitter, a lot of thoughtful and serious people are fleeing Twitter," Wales told CNBC at the Web Summit tech conference in Lisbon. "Twitter was, and now I guess X sort of is, in a way, the default public square for the world. Wales' comments come after Musk offered Wikipedia $1 billion if it changes its name to "Dickipedia." The spat between the two goes back to last year when Musk alleged Wikipedia has "a non-trivial left-wing bias."
Persons: Jimmy Wales, Elon Musk, Twitter, it's, Musk, he's, Elon Organizations: Elon, Twitter, Wales, CNBC, Summit, Research Locations: LISBON, Wales, Lisbon
They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.
Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, , Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve
A couple moved from the UK to Portugal to live on an abandoned farm they bought for $103,000. The couple moved from the UK to Portugal to restore and live on an abandoned farm. The couple fell in love with the second property they viewed — an abandoned farm set on three acres of land. The couple — who were living and traveling around in a van at that time — bought the farm for 95,000 euros, or about $103,000. The Newbys have been documenting every step of their Portuguese farm renovation on their YouTube channel.
Persons: Tara Newby, They've, Tara, , Sawyer, John, we've, Portugal's, John said, who've, they've, you'll, We've Organizations: Service, YouTube, Google Locations: Portugal, Wall, Silicon, Lisbon, England, Bristol, Zimbabwe, Tanzania, Antarctica, Europe
Kaitlin Wichmann is an American expat living and working in Lisbon, Portugal. She said the country's focus on work-life balance has been a positive change from the US. When I lived in the US, most of my coworkers didn't even take lunch or if we did it was a working lunch. When I'm interviewing with a potential client or agency, I'm always upfront about living in Lisbon and working Portuguese hours. Obviously, it's easier for me because I'm self-employed — a lot of my friends work for American companies and it's much harder to do.
Persons: Kaitlin Wichmann, I'd, There's, didn't, I'm Organizations: Kansas City, Service Locations: American, Lisbon, Portugal, Kansas, Wall, Silicon, Kansas City, Lisbon —, Portuguese
LISBON — Veteran Brazilian surfer Marcio Freire died on Thursday while practicing tow-in surfing on the giant waves in Nazaré on the central coast of Portugal, the local maritime authority said. Freire was one of the three Brazilian surfers who became known as the “Mad Dogs” after conquering the giant wave “Jaws” in Hawaii. Legend,” posted fellow big wave surfer Nic von Rupp. American Garrett McNamara put Nazaré on the map in 2011 when he set a world record for the biggest wave ever surfed at 78 feet. Brazilian Rodrigo Koxa bettered McNamara’s mark in 2017, also at Nazaré, and German Sebastian Steudtner broke the record again there in 2020, surfing an 86-foot wave.
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