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

You.com is raising $50 million in fresh capital to establish a presence in the AI assistant market, currently led by tech giants like Google, Microsoft, OpenAI, and Apple.

Despite a rise in web traffic, You.com's app downloads have plummeted by 69% in 2024 compared to last year, reflecting tough competition and decreasing user interest in AI-infused search engines.

Read at The Economic Times