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AI Fitness App Zing Coach Secures $10 Million To Revolutionise Healthy Living

by THEFUTURE.TEAM

In a bold move to address global inactivity, Zing Coach, a health tech startup supported by Palta, has secured $10 million in Series A funding. This round, led by Zubr Capital and Triple Point Capital, promises to bolster the app’s AI-driven fitness solutions, enhance its workforce, and facilitate international market expansion.

Zing Coach stands out with its hyper-personalised workouts, driven by sophisticated AI that adapts to users’ data and performance metrics. Unlike traditional fitness apps, Zing Coach utilises advanced fitness tests and body composition scanners, providing users with a highly accurate and personalised training experience.

This innovative approach has garnered significant user engagement, with over one million downloads since its 2021 launch. The app’s retention rates surpass those of its competitors, with users being 29% more likely to continue after the first day and 25% more likely to stick with it for a month or longer.

Zing Coach’s cutting-edge technology and strategic growth initiatives have attracted significant attention. Viktar Dzenisevich of Zubr Capital highlighted the transformative potential of AI in fitness, expressing confidence that Zing Coach will outpace competitors and achieve substantial growth.

CEO Tanya Parfenyuk envisions making healthy living accessible through affordable, high-quality digital coaching, a goal supported by the app’s continued innovation and expansion. Recent advancements include the Body Composition Scanner and AI-powered Flexibility Tests, further solidifying Zing Coach’s leadership in the digital fitness arena. With this latest funding, Zing Coach is poised to extend its reach and impact, leveraging AI to transform fitness habits and promote healthier lifestyles globally.

Oil Prices Dip Amid Rising U.S. Crude Inventories and Middle East Tensions

by THEFUTURE.TEAM

Oil prices experienced a slight decline on Wednesday following reports of a larger-than-expected increase in U.S. crude inventories. This drop was moderated by ongoing concerns over Middle East tensions, particularly as Israel continued its military actions in Gaza and Lebanon.

Brent crude futures saw a slight decrease of 0.3%, settling at $75.84 per barrel, while U.S. West Texas Intermediate (WTI) crude futures also dipped 0.3% to $71.54 per barrel. Despite the decline, oil prices had risen earlier in the week, supported by uncertainty over how the Israel-Iran conflict might evolve, especially following U.S. Secretary of State Antony Blinken’s diplomatic efforts in Israel.

Meanwhile, the American Petroleum Institute (API) reported a 1.64 million barrel rise in U.S. crude stocks last week, significantly higher than analysts’ expectations of a 300,000-barrel increase. This unexpected stockpile increase weighed on the market, adding pressure to oil prices.

Analysts are also keeping an eye on China’s economic stimulus efforts, which could positively influence global oil demand. Market strategists, like Yeap Jun Rong, have noted that the potential for a longer conflict in the Middle East could lead to continued price volatility.

This situation, combined with geopolitical risks and economic variables, continues to impact global oil markets, leaving traders wary of further price shifts.

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