Saudis Explore $40 Billion AI Fund📱CLSK BAK 📈 SHC SIG 📉

FlowBank's hand-curated fresh financial news [header_noDither] Saudi Arabia & Andreessen Horowitz Discuss $40 Billion AI Fund Saudi Arabia's Public Investment Fund (PIF) is reportedly in discussions with the American venture capital firm Andreessen Horowitz to establish a $40 billion fund focused on artificial intelligence investments. This collaboration aims to diversify the kingdom's income sources beyond oil, aligning with Crown Prince Mohammed bin Salman's Vision 2030. Andreessen Horowitz, known for its significant investments in companies like Airbnb, Coinbase, Facebook, and Slack, alongside its substantial AI startup portfolio, sees the potential AI fund as a strategic move to ensure global competitiveness in the AI domain. WHAT'S MOVING [Group 1742 (51)-1] [Start Trading](113/cXx8Z04/VWDgxb3V87HGW1_S6cK39ZMm8W2lg-cV5bXx1zN3Bm-7x2-ZVTW6N1vHY6lZ3m5W3Kw9c9484McsW9lxxFS229zrxW7vTVb173v1n2W8vxXxd4B4v7BW3h76pG7WM5WFW5J98Z74bg3ZYW3jFYTT5lr0lWW1_kS9S1nFwcBW24c5zG1tKZ5KN3_VZz7T1Bb_W1ycH0n32XZGRW7ZY4562SJPf7W7Ys4Sm56s5f-W2BH2_N2v74tcW2Pw-hK2LK269W5HCVVH7pBCdSW1rdWPD67PjZyN59r5V0r9QwKW2BJVps2cZjKGW8sx6S-6llfV-W9fRsfD3wwWgZW3KyyZ84s_HF9dT-Zc204) [Group 1754] Astera Labs & Amazon Astera Labs, a company specializing in data center connectivity chips, saw its shares jump 72% on its debut, with Amazon poised to benefit significantly from its investment. [Group 3 (51)-2] Micron Micron Technology's shares surged 14% after reporting a significant earnings beat, driven by the demand in AI technologies, highlighting the company's strong position in the semiconductor industry. [Group 1753 (2)] Reddit Reddit has priced its IPO at $34 per share, valuing the company at approximately $6.5 billion, marking the first major social media offering since Pinterest in 2019. WHAT'S COMING UP? CHF: SNB Interest Rate Decision (Q1): Exp. 1.75% v Prev. 1.75% GBP: BoE Interest Rate Decision (Mar): Exp. 5.25%v Prev. 5.25% USD: Initial Jobless Claims: Exp. 212K v Prev. 209K USD: Philly Fed Manufacturing Index (Mar): Exp. -2.6 v Prev. 5.2 USD: S&P Global Manufacturing PMI (Mar): Exp. 51.8 v Prev. 52.2 USD: S&P Global Services PMI (Mar): Exp. 52.0 v Prev. 52.3 USD: Existing Home Sales (Feb): Exp. 3.95M v Prev. 4.00M IN OTHER NEWS Wall Street Stock futures saw an uptick on Thursday morning, following record closings of the major indexes and the conclusion of the Federal Reserve's recent policy meeting. Dow Jones Industrial Average futures rose by 126 points, approximately 0.32%, while S&P 500 futures gained about 0.42%, and Nasdaq 100 futures saw a 0.67% increase. [Group 1769] Europe European markets are poised for a positive start on Thursday, as investors focus on new monetary policy updates from the Bank of England, Norges Bank, and the Swiss National Bank. The FTSE 100 in the U.K. is anticipated to open 56 points up at 7,788. Germany's DAX is set to rise by 176 points to 18,188, while France's CAC is expected to see a decrease of 70 points, opening at 8,231. Meanwhile, Italy's FTSE MIB is projected to climb 262 points to 34,039. MARKET INSIGHTS Fed Meeting: What's Next for the Dollar and Gold? The latest inflation reports in the United States have delivered a surprising surge, surpassing economist expectations and potentially complicating the Federal Reserve's plans for the start of interest rate cuts. [Read more](113/cXx8Z04/VWDgxb3V87HGW1_S6cK39ZMm8W2lg-cV5bXx1zN3Bm-6Y2-ZVTW5BW0B06lZ3lMW4qnH3n3YsKDXW2WvjJ73sff4zN522XrH7vvHdW1LSql42Zg911W7tWpVB1-LH7WW2wLKh27_lVTqVspjfS6LhvVSVYPpZh652ZGSW5PJqvC7RtcSBW2S5zhY3QLvgcV-8NTF1TrH1kVD40qj2KdrjXW70Dczp2CcLt7W3QV3Gk3y9xX-V5H_vH954Lq6VSZfhj6yVNSVW6Ctpm137f6fyN17nLs0bD1c-f3VlPNY04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VWDgxb3V87HGW1_S6cK39ZMm8W2lg-cV5bXx1zN3Bm-6Y2-ZVTW5BW0B06lZ3k-W753sHJ5kt4KcW89FMSM2bbYqfN7rfzB5z7_RbW6w_LSf5qwPV-W8rl0vy4Y03QLW7-pnhP5_twnzW1l7lmf95rMcgW6QzFKG1K_hQmVMxN8s2wttPrW4fwqg-8Ktj-7W2vgbbn6RqbpGW17MT1m3Bz9SmW888DKz5wGmD_N4Pw03sYrP7zN8XFFTrZtrXrW20WBMb3rFYt3N997pGbNH9fVW7W_zc255CMCKf8_kqv404) [LinkedIn](113/cXx8Z04/VWDgxb3V87HGW1_S6cK39ZMm8W2lg-cV5bXx1zN3Bm-6Y2-ZVTW5BW0B06lZ3mxN81Qtl_8DhcYW333WPW5zW42sW4r9ZxD4XxFlqW40Hvh93CNDrhW1h5gDX4Gr6BjW3KydbS5f8Z8PW4-W3Nm2cqG8QVvtyv-6tCPY-W3ls8Hn17Blb-W3V4WH86LdYMlW7MM_SN7xKbMgN6qkw9cxwh9fW6w8kSk8PbkDDW8XkcXR1sNRF3W6FNF5B1VvX6-W3xnySv4jhHYyW79MtVN4N3DRmW12gfTG6klDs2f9cjy5g04) [X](113/cXx8Z04/VWDgxb3V87HGW1_S6cK39ZMm8W2lg-cV5bXx1zN3Bm-6F2-ZVTW50kgx26lZ3m9W5TlK-87RMJQDW7cZM-13Mt_XhW3sHJ7r8ND7chN3JYJLbFGqC3W8TMQyY95psdfW1xR1dY44ZZXrW2T-yPB7jKhMrN84xxnLMz9F6W3SGG8R8C0cQYW4Rw-NK25VZGLN9dGJ909KVwdW1VPtjC2j8TD4W2835Gw4h9T96W6V1_hH3m50tsW8n1PBF14SKv7W4KtTY87Ht_GPf25wmPC04) [Instagram](113/cXx8Z04/VWDgxb3V87HGW1_S6cK39ZMm8W2lg-cV5bXx1zN3Bm-6Y2-ZVTW5BW0B06lZ3lTW196MtP3NxhhkW1xGdRQ19rJVtW1K7-1Q21dldQW6RJk8q3gql7rW4sl_L141w0DjW2Hpkyk10VjLYW1Dw8_x4bwYpLW6y09wd2S83qqW6_y4xS43s2wdW3K2nGK3LKz6VW6kR9Xj43CRZ8W78Q35j6fPM5JW29WMC21pRzxyW2Rv5N04NC2csW5BJZ0p4wv7wRW4QwsqM2FWzhDW73rMz67xsLmqW5cKMLg1bK_pVf70RQ6W04) [YouTube](113/cXx8Z04/VWDgxb3V87HGW1_S6cK39ZMm8W2lg-cV5bXx1zN3Bm-7d2-ZVTW69sMD-6lZ3mHW5pNy0285lYBRW2-qfkV6Mm9mxW56CkP72CwLjvW6d5V1H93qx8KW5h9FZ55nZrg4W2Xwt-61PdRsMVyfgsX2XKSy6W2qmXbL8Smyf0W8FMpbq3RK9t7W3PBLNF1vXlZbN5B8WFlHgSSsW4DVTMq6sQT1KW8WkcQh8b4FXlW23wv5_42mr4QW6YH0zP4NYgfjW6spCgq4lmq0dW2ZSC9x6_q_7HW7wj3kM1XyV9vW47p3WM7_l3yFN4PqJpM7jjwnf3Rz8_204) FlowBank SA, Esplanade de Pont-Rouge 9, P.O. Box 1303, 1211 Geneva 26, Switzerland, +41 (0) 22 888 60 00 [Unsubscribe]( [Manage preferences]( This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error, please notify us immediately, and delete it from your system. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. Although we scan attachments, we advise you to carry out your own virus check before opening any attachment.