Omada races ahead

What we’ll cover today:

💉 Omada Health’s first post-IPO earnings beat

🤖 South Korea’s homegrown AI challenge to US & China

📈 Why SaaS leaders are betting on vertical AI models

Omada Health smashes revenue expectations in first earnings since IPO 🩺

Omada Health, a virtual care company for chronic conditions, just shared its first results since going public in June.

🚨 Breaking News: Revenue soared 49% to $61M, beating estimates, while losses shrank sharply. Full-year forecast? Even better than Wall Street’s guess.

⚡ Wire Simplified –

• Omada treats conditions like diabetes, prediabetes, and hypertension through virtual programs.

• Revenue jumped from $41M to $61M in one year.

• Loss per share dropped from $1.40 to $0.24.

• Membership grew 52% to 752,000 people.

• Full-year revenue forecast raised to $235–$241M.

✔️ Straight to the Point –
Omada’s sprinting into its next growth phase with stronger numbers, bigger forecasts, and a healthy dose of investor optimism.

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South Korea builds a ‘homegrown’ AI to rival US & China 🤖🇰🇷

South Korea is teaming up its tech giants and startups to create a national AI model built mostly with domestic technology.

🚨 Breaking News: SK Telecom, LG, Naver, and others will develop open-source AI models to reduce reliance on US and Chinese tech.

⚡ Wire Simplified –

• Five consortia, including SK Telecom’s Titan-powered project, will lead the effort.

• South Korea already makes key AI parts like high-bandwidth memory chips (Samsung, SK Hynix).

• Models will be open-source, free for developers (with possible licenses).

• First model launches by year-end, aiming for global use.

• Goal: become an alternative AI supplier for nations seeking “AI sovereignty.”

✔️ Straight to the Point –
Korea’s betting on its full tech stack—from chips to cloud—to create AI independence and maybe spark the next global tech export boom.

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