Tesla (TSLA.O) shares widened losses to 6.3% after the official launch of the Cybercab.

Oxford Economics said Friday the labor market is not a source of inflationary pressure, citing the jobs report in which average hourly earnings rose 0.3% MoM and wage growth slowed to 3.1% YoY from 3.2%. The research group said the Fed can be reassured that wage dynamics are not driving inflation.

London-based AI cloud provider Nscale is seeking up to $3.5 bln in pre-IPO financing, earmarking up to $1.5 bln of convertible bonds to external investors and seeking roughly $2.0 bln in financing support from NVIDIA. Third Point is expected to lead the convertible bond investment while Goldman Sachs is advising on fundraising. The company plans an IPO after the round; earlier reports said the IPO could raise about $3.0 bln. Nscale told investors its total contract value is about $10.3 bln, including a $45.0 bln compute‑supply agreement with ANTHROPIC, and presented illustrative future annual revenue of roughly $18.1 bln and adjusted EBITDA of about $13.6 bln, stressing these are example estimates not formal guidance. It is building a large Microsoft data‑centre campus in Norway, developing a major project in West Virginia, and has purchased about 194,000 NVIDIA Vera Rubin GPUs.