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FlexAI Launches with $30 Million in Seed Funding to Deliver Universal AI Compute ========== FlexAI, the universal AI compute company, has launched with $30 million in seed funding led by Alpha Intelligence Capital (AIC), Elaia Partners, and Heartcore Capital. The company aims to address the obstacles inhibiting AI innovation by rearchitecting compute infrastructure to accelerate breakthroughs in AI. FlexAI's universal AI compute allows developers to build and train AI applications with heterogeneous compute architectures. The company works with hardware leaders and cloud providers, including AMD, Amazon Web Services, Google Cloud, Intel, and NVIDIA. FlexAI plans to unveil its first commercial product, an on-demand cloud service, later this year. The company is headquartered in Paris and is founded and led by veterans from Apple, Intel, NVIDIA, Tesla, Lifen, and Zoox. Investors in FlexAI include Bpifrance, Frst Capital, Motier Ventures, Partech, and InstaDeep CEO Karim Beguir. https://www.tradingview.com/news/reuters.com,2024-04-24:newsml_GNX6ClM04:0-flexai-launches-with-30-million-in-seed-funding-to-deliver-universal-ai-compute/

Walmart-Backed Digital Marketing Company Ibotta Set For IPO Amid AI Buzz: Details ========== Ibotta, a digital marketing company backed by Walmart, is set to have an initial public offering (IPO) and aims to raise $577.3 million with a valuation of around $2.7 billion. The company plans to offer 6.56 million shares of its Class A common stock at $88 per share. The IPO comes as there is increased interest in artificial intelligence (AI) and optimism about the U.S. IPO market. Ibotta was incorporated in 2011 and will trade on the New York Stock Exchange under the ticker symbol 'IBTA.'

Walmart-Backed Digital Marketing Company Ibotta Set For IPO Amid AI Buzz: Details — TradingView News

Dollar soars as investors eye ECB rate cuts, yen hits new 34-year low ========== The euro dropped to its lowest level in five months after the European Central Bank signaled it could soon cut rates. The dollar's rally pushed the Japanese yen to a new 34-year low. The ECB is likely to start cutting rates in the summer, while the Federal Reserve may hold off until later in the year. The difference in interest rate expectations has pushed the gap between U.S. bond yields and German euro zone benchmark yields to the highest since 2019, boosting the dollar. The strong dollar also affected the British pound, which was trading at its lowest since mid-November. The Japanese yen remained under pressure, with the U.S. currency rising to its highest since mid-1990. Japanese authorities may intervene to support the yen. The Chinese yuan was little changed after data showed March exports contracted sharply. The dollar also gained sharply against Sweden's crown after Swedish inflation slowed more than expected in March. https://www.tradingview.com/news/reuters.com,2024:newsml_L2N3GL0NQ:0-dollar-soars-as-investors-eye-ecb-rate-cuts-yen-hits-new-34-year-low/

PIMCO trims 2024 Fed rate cut expectations to 2 after jobs report ========== U.S. bond giant PIMCO has revised its expectations for interest rate cuts by the Federal Reserve in 2024 to two, down from the previous estimate of two to three cuts. The revision comes after data showed that the U.S. economy created more jobs than expected in March. U.S. nonfarm payrolls grew by 303,000 jobs, surpassing expectations for an increase of 200,000. PIMCO's managing director and generalist portfolio manager, Mike Cudzil, stated that the economy's resilience to high interest rates suggests that it can handle higher rates. As a result, U.S. Treasury yields rose, and expectations for a rate cut in June decreased from 59% to 51%. PIMCO has been underweight duration in portfolios, as it believed the market was too optimistic about rate cuts. Traders initially expected 150 basis points of cuts in 2024, but that has now been revised down to 67 basis points, aligning with PIMCO's expectations. Cudzil mentioned the possibility of getting overweight on duration in the future. https://www.tradingview.com/news/reuters.com,2024:newsml_L2N3GE1GJ:0-pimco-trims-2024-fed-rate-cut-expectations-to-2-after-jobs-report/

Treasury Yields Below Recent Highs, Jobs Data Awaited ========== The yield on the US 10-year Treasury was around 4.34% on Friday, remaining below four-month highs of 4.4% touched early in the week. Traders are awaiting the key jobs report due later in the day to adjust their bets for the timing of the first interest rate cut by the Fed. The odds for an ease in monetary policy in June currently stand around 65%. Fed Chair reinforced that it will likely be appropriate to begin lowering the policy rate at some point this year. The US economy continues to show strength with a slight cooling in the labor market.

Treasury Yields Below Recent Highs, Jobs Data Awaited — TradingView News

US 10-Year Treasury Yield Slumps from 4-Month High ========== The yield on the US 10-year Treasury note sank to 4.34% after touching a four-month high of 4.38% earlier in the session. Initial jobless claims surged to a two-month high in the end of March, while the Challenger report showed that job cuts were the highest in 14 months. Data from the ISM showed that inflation for services providers slowed to a 4-year low, in addition to a moderation of growth in the sector. The yield on the 10-year note remains 50bps higher year-to-date. About 40% of the market expects the Fed to hold rates unchanged beyond June due to the broad resilience of the US economy to restrictive borrowing costs.

US 10-Year Treasury Yield Slumps from 4-Month High — TradingView News

CS MEDICA A/S Breaks Through Asian Market Barrier with Approval of Protective Nasal Gel in Malaysia ========== CS MEDICA announces the approval of CANNASEN® Protective Nasal Gel in Malaysia, marking a breakthrough in overcoming regulatory barriers in Asia. The CEO, Lone Henriksen, expresses the significance of this achievement and the potential for future opportunities in Asia. CS MEDICA plans to expand its product range throughout Asia, leveraging the insights gained and strategies developed through this process. The Protective Nasal Gel, CANNASEN®, offers a natural solution for preventing allergies, hay fever, and viral infections by forming a protective barrier over the nasal mucous membranes. CS MEDICA is a Danish-based MedTech company focused on creating over-the-counter treatments for autoimmune and stress-related diseases. They are listed on the Spotlight Stock Market in Stockholm. https://www.tradingview.com/news/reuters.com,2024-04-04:newsml_Wkr6FNzYC:0-cs-medica-a-s-breaks-through-asian-market-barrier-with-approval-of-protective-nasal-gel-in-malaysia/