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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/