You.com startup is raising $50 mln as it targets AI-assistant market

The startup behind You.com is raising $50 million in fresh capital, a person familiar with the effort said, as it seeks a foothold in the growing market for assistants with artificial intelligence.

The near-finished Series B funding would value the four-year-old company behind You.com, SuSea Inc, between $700 million and $900 million, the person told Reuters. After ChatGPT ignited interest in You.com's AI-infused search engine in early 2023, some of its users began looking elsewhere. Microsoft refreshed its Bing search engine with an AI chatbot of its own, while Alphabet's Google added AI-generated answers for more nuanced queries.
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