Funding & Business
You.com Raises $100 Million to Grow AI Search
You.com has closed a $100 million funding round that values the startup at $1.5 billion. Founder and CEO Richard Socher discusses how the company plans to use the funds and the evolution of search fueled by AI agents with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
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Nobel laureate Paul Krugman argues that tariff “chaos” and President Donald Trump’s immigration policies are the real drag on growth by raising costs, freezing investment, and ultimately hitting consumers. He says a 1950s-style manufacturing revival is illusory, tariff revenue won’t fix the deficit, and U.S. trade-rule credibility has suffered lasting damage. On New York City politics, he expects only marginal policy shifts if Democratic nominee for mayor Zohran Mamdani wins. (Source: Bloomberg)
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Donald Trump came to office promising lower prices, but that’s not exactly what happened.
Botswana’s credit rating was cut by S&P Global Ratings, another blow to its diamond-dependent economy that’s struggling with a slump in demand for its gems.
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