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   DealBook: Deal hunting
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   Also, retail investors keep the markets aloft.
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              nytimes.com
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             August 5, 2025
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          Good morning. Andrew here. I’m in Aspen, Colo. at the Aspen Economic Strategy Group’s annual meeting, where prominent economists and executives are set to debate the state of the economy, especially amid President Trump’s trade war.
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          That includes most of the Treasury secretaries from the past three decades: Janet Yellen, Steven Mnuchin, Tim Geithner, Hank Paulson, Larry Summers and Robert Rubin. We’ll bring you some thoughts from there in tomorrow’s newsletter. As for today, we take a fresh look at tariffs, A.I., Elon Musk’s compensation and more. (Was this newsletter forwarded to you?
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          Sign up here.
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          )
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             Trade-war tensions appear to have created a rift between Delhi and Washington. In February, Prime Minister Narendra Modi of India visited President Trump in the White House.
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            <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
             Eric Lee/The New York Times
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         <span>
          Time is ticking
         </span>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          President Trump has argued that tariffs can remap global trade to his advantage, even as critics liken his campaign to “
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          a global shakedown of sorts
         </a>
         <span>
          ” whose lofty figures are
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          best taken with a grain of salt
         </a>
         <span>
          .
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
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          But with fewer than 48 hours to go before Trump’s latest tariff deadline, his plan could be tested by holdout trading partners, including India, with whom relations appear to have worsened since Vice President JD Vance’s
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          visit in April
         </a>
         <span>
          .
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          There’s been little progress since last week’s flurry of trade news.
         </span>
         <span>
          It’s unclear whether or when negotiators can strike agreements with Washington’s top three trading partners: Canada, China and Mexico.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Mexico last week won a 90-day reprieve, though it still faces a 25 percent levy on some exports sticks. A truce in a brutally high tariff fight with China is set to expire on Aug. 12. And talks between Trump and Prime Minister Mark Carney of Canada could
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          happen later this week
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         <span>
          .
         </span>
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          Investors don’t seem to be fazed.
         </span>
         <span>
          The S&amp;P 500 is trading a tick below its record high. Perhaps they see Trump backing down again in a repeat of the “
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          TACO trade
         </a>
         <span>
          .” (More below on why uncertainty isn’t spooking investors.)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Talks with India and Switzerland could yield clues about other trade fights:
         </span>
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               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                Trump vowed yesterday to impose
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                “substantially” higher tariffs
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                on India, punishment for the country’s buying oil from Russia, which Trump says is financing Moscow’s “War Machine.” India has lashed back, calling Trump’s latest threat “
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                unjustified and unreasonable
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                .”
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                Switzerland — a major exporter of drugs, gold and watches — seems more desperate for a deal after being stunned by Trump’s threat of 39 percent tariffs. The country’s president, Karin Keller-Sutter, is
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                flying to Washington
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                to offer a “
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                more attractive offer
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                ,” potentially including opportunities to invest more in the U.S.
               </span>
              </li>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Switzerland is hoping to get what the E.U. got.
         </span>
         <span>
          Brussels this morning said that most U.S.-bound imports would face
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          a flat 15 percent tariff
         </a>
         <span>
          , among the lowest rates announced in Trump’s latest trade war, after the bloc said that European companies would step up their spending on specific American products. (Even if those promises
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          look pretty vague
         </a>
         <span>
          .)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Of course, the finalized trade agreement could take months to hammer out.
         </span>
        </p>
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           <h3 style="color:#000;font:700 17px/25px arial,sans-serif;margin:5px 0 30px 0;letter-spacing:.2px">
            <span>
             HERE’S WHAT’S HAPPENING
            </span>
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         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The White House is said to plan a crackdown on banks it claims discriminate.
         </span>
         <span>
          The president is set to
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          issue an executive order
         </a>
         <span>
          that would discipline and fine lenders who refuse to do business with crypto companies or customers who hold conservative political views, The Wall Street Journal reports. (The draft order also rebukes banks that participated in investigations into the Jan. 6, 2021, Capitol assault.) Banks have insisted that they do not discriminate on political grounds.
         </span>
        </p>
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            <div style="width:100%;text-align:center;line-height:0">
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            </span>
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           </td>
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           <td height="20">
           </td>
          </tr>
         </tbody>
        </table>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The U.S. reportedly wants greater location tracking for A.I. chips.
         </span>
         <span>
          Talks are beginning with industry players about
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          embedding such abilities
         </a>
         <span>
          into advanced semiconductors to restrict shipments that skirt export restrictions on markets like China, Bloomberg reports. Separately, Taiwanese officials
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          have arrested six people
         </a>
         <span>
          for stealing trade secrets from the chip giant TSMC, whose customers include Nvidia and Apple.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Shares in Palantir soar on strong results.
         </span>
         <span>
          The A.I. data consulting giant, which has become a major supplier to the Pentagon, reported yesterday that
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          quarterly sales topped $1 billion
         </a>
         <span>
          for the first time and boosted its full-year guidance on strong demand. Alex Karp, the company’s C.E.O., told CNBC that its embrace of artificial intelligence would enable it to grow with far fewer employees.
         </span>
        </p>
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           </td>
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           <td height="20">
           </td>
          </tr>
         </tbody>
        </table>
        <table border="0" cellpadding="0" cellspacing="0" style="width:100%">
         <tbody>
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           <td style="border-top:0 solid #dcdcdc;padding-top:15px">
           </td>
          </tr>
          <tr aria-hidden="true">
           <td>
            <div style="width:100%;text-align:center;line-height:0">
             <img alt="Ad" border="0" src="https://inboxflows.com/_/image/https%253A%252F%252Fliveintent.newyorktimesinfo.com%252Fimp%253Fs%253D1053700%2526li%253DDK%2526m%253Ddfbfebeec3e396a6cb1a8b032a80246c%2526p%253DDK_20250805%2526stpe%253Ddefault/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZsaXZlaW50ZW50LiIsInRpbWUiOjE3NTQzOTY5OTYuMzMzNjE4NH0:1ujGnk:5v9zFVNsh0AM4gwc8H7SvGra0pUAjVPrfyfsEdwXHWM" style="max-width:96px;margin-bottom:7px"/>
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            <span style="text-align:center">
             <table border="0" cellpadding="0" cellspacing="0" style="margin:0 auto">
              <tbody>
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                <td style="line-height:0;font-size:0">
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         </tbody>
        </table>
        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          Unsinkable retail investors
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Economists
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          were alarmed
         </a>
         <span>
          last week when President Trump fired Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, after a weaker-than-expected jobs report. Trump claimed, without evidence, that the data had been “rigged.”
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          But the stock market has largely shrugged it off, despite potentially disastrous long-term effects to assets like
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          the dollar
         </a>
         <span>
          . One big reason: retail investors didn’t seem as concerned as economists, Danielle Kaye writes.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The S&amp;P 500 rose 1.5 percent yesterday,
         </span>
         <span>
          the first day of trading since McEntarfer’s firing, recovering much of the ground it lost on Friday after the jobs report. Investment analysts said there was no clear news driving the bounce, though thinner summer trading volumes may have also helped inflate the swing.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          But a clear driver was retail investors,
         </span>
         <span>
          who are emerging as a potent investing force beyond meme-stock booms. “The only explanation for essentially wiping out Friday’s move in equities is the enthusiasm of equity traders,” Steve Sosnick, the chief strategist at Interactive Brokers, told DealBook.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          And in this case, he added, they appeared to be “buying the dip,” swooping in to purchase assets at a discount. That approach
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          reaped big gains
         </a>
         <span>
          after the tariff-driven sell-off in April, while Wall Street institutions missed out.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          For individual investors, McEntarfer’s firing is “inside baseball,”
         </span>
         <span>
          Mark Hackett, the chief market strategist at Nationwide, told DealBook. Trump firing Jay Powell, the Fed chair, would be one thing; the dismissal of a statistics collector is another.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          “Since the pandemic, what economists get nervous about and what investors that are driving market returns get nervous about haven’t lined up very well,” Hackett said.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Are markets still a check on Trump?
         </span>
         <span>
          During his first term in the White House, the president appeared to care a great deal about equity markets,
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          bragging about how well stocks performed
         </a>
         <span>
          . (To be clear, he still appears to care: Consider that he
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          talked up yesterday’s market performance
         </a>
         <span>
          on social media.)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          But if retail investors are more inured to Trump breaching government and economic norms and simply focused on buying opportunities, can stock market moves still persuade him to change course? “It’s a focus on short-term opportunism rather than longer-term ramifications,” Sosnick said.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The bond markets could still exert influence on Washington.
         </span>
         <span>
          Remember that a rapid rise in government bond yields helped
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          prompt Trump to pause
         </a>
         <span>
          many of his tariffs in April.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          But the yield on the 10-year Treasury tumbled on Friday, and has continued to fall, reflecting expectations for slower economic growth and the increasing likelihood of a Fed rate cut.
         </span>
        </p>
        <table width="100%">
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           </td>
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           <td style="border-top:1px solid #dcdcdc;padding-bottom:15px">
           </td>
          </tr>
         </tbody>
        </table>
        <table border="0" cellpadding="0" cellspacing="0" style="width:100%">
         <tbody>
          <tr>
           <td style="text-align:center">
            <img alt="Elon Musk, Tesla’s C.E.O., is seen in a close-up with his hands gesturing skyward." class="css-xsf469" height="333" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2025%252F08%252F05%252Fmultimedia%252F05db-musk-qkcw%252F05db-musk-qkcw-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3NTQzOTY5OTYuMzMzOTMzOH0:1ujGnk:9nRTvNFP-vdiT-uPrtwfbUMZ_vS-BHLa5S8PXJRz8mo" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:10px;padding-bottom:0;line-height:0" width="500"/>
           </td>
          </tr>
          <tr>
           <td style="text-align:center;width:100%;padding-top:6px;padding-bottom:20px;line-height:12px">
            <span class="css-1wuwhda" style="width:83%;max-width:500px;display:inline-block;text-align:left">
             <span class="css-1hnedf7" style="color:#666;font:normal 12px georgia,serif">
              Elon Musk, Tesla’s C.E.O., could get some Texas-sized protections for his new pay package.
             </span>
             <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em;padding-left:5px">
              Haiyun Jiang for The New York Times
             </span>
            </span>
           </td>
          </tr>
         </tbody>
        </table>
        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          The shield protecting Musk’s big payout
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Shares in Tesla are rising again today, a day after investors effectively endorsed a huge payout to the carmaker’s chief, Elon Musk.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          nearly $30 billion compensation package
         </a>
         <span>
          is meant to reduce uncertainty about whether Musk will stay focused on the company as it navigates a tricky pivot to autonomous vehicles and artificial intelligence. But it also underscores another change: Shareholders have less of a say in how the company is run.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Investors effectively can’t sue to challenge the pay plan,
         </span>
         <span>
          as they did with an earlier compensation package that led to a Delaware judge voiding the agreement and raising Musk’s hackles. In May, the company adopted a bylaw requiring shareholders to
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          own at least a 3 percent stake
         </a>
         <span>
          to bring a lawsuit claiming a breach of fiduciary duties.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Just four shareholders fit that bill: Musk and the mutual fund giants Vanguard, BlackRock and State Street. Don’t expect any of them to take to the courts anytime soon.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          That extra protection is possible because of Tesla’s move to Texas.
         </span>
         <span>
          In Delaware, where the fight over the previous compensation package occurred, such a provision isn’t allowed. (The plaintiff in that fight owned just nine shares.)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          But it is possible in the Lone Star State, where Musk moved Tesla partly in protest over the Delaware court fight. It means that the Tesla chief will almost certainly finally get the big payout he has sought, whether via this package or via the previous one if the Delaware courts overturn the judge’s decision.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Wall Street is OK with that.
         </span>
         <span>
          “This should solidify Musk as CEO for Tesla at least until 2030 in our view,”
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Dan Ives
         </a>
         <span>
          , an analyst at Wedbush Securities and a prominent Tesla bull, wrote on X. “Helps resolve some of the Delaware comp soap opera that has been a cloud over the name. 🏆”
         </span>
        </p>
        <table width="100%">
         <tbody>
          <tr>
           <td class="css-36ugzx" style="padding-bottom:15px">
           </td>
          </tr>
          <tr>
           <td style="border-top:1px solid #dcdcdc;padding-bottom:15px">
           </td>
          </tr>
         </tbody>
        </table>
        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          Exclusive: A big fund-raising round for an A.I.-powered sales tool
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Artificial intelligence tools have been pitched as ways to transform whole industries, including coding and writing.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          They’re also being used to overhaul sales and marketing — and, in the case of Clay, leading to big investor interest, Michael de la Merced reports.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The start-up will announce today that it has raised $100 million at a $3.1 billion valuation,
         </span>
         <span>
          a large increase from the $1.25 billion level it hit earlier this year.
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Today’s round
         </a>
         <span>
          was led by CapitalG, an arm of Alphabet, Google’s parent company. Other participants included Meritech Capital Partners and Sequoia Capital.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Clay takes a technical approach to sales and marketing,
         </span>
         <span>
          essentially allowing users to program its A.I. tools to identify promising business leads and keep tabs on existing customers.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Kareem Amin, the company’s co-founder and C.E.O., described several examples:
         </span>
        </p>
        <div style="margin:0 auto;max-width:600px;width:100%">
         <table>
          <tbody>
           <tr>
            <td style="padding:0 0 5px">
             <ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                One customer used Clay to search for warehouses in a specific area and tally the number of occupied parking spots as a way to identify potential customers.
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                Canva, the design software maker, used Clay to mine social media for incorrect instances of prospective leads’ logos and brand materials — and then pitched those companies its services.
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                Other users include OpenAI, Google and the A.I.-enabled coding tool Cursor.
               </span>
              </li>
             </ul>
            </td>
           </tr>
          </tbody>
         </table>
        </div>
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          Clay says it coined the term of “
         </span>
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          go-to-market engineer
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          ” in 2023 to describe its core user: “Clay is the only company that is taking an engineering approach to go-to-market,” Jane Alexander, a partner at CapitalG, told DealBook.
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          Clay has grown rapidly since it began focusing on marketing about three years ago.
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          The start-up now says that it has about 180 employees and more than 10,000 paying customers, including OpenAI and Google, and that its revenue is on track to hit $100 million by year-end, more than triple from what it collected last year. Amin added that the company was close to profitability.
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          The company says its product isn’t contributing to two of the big fears of the A.I. era:
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          a flood of spammy marketing messages and mass layoffs. By automating so much of the drudgery of finding sales leads, marketers should be freed up to work on creative pitches.
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                SoftBank is building up
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                stakes in the chip giants Nvidia and TSMC
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                as the Japanese tech investor bets big on artificial intelligence. (Bloomberg)
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                Steve Pagliuca, a financier who owns a stake in the Boston Celtics, confirmed that a group he leads was interested in
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                buying the Connecticut Sun
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                basketball team. (The Athletic)
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                would increase over the next decade because of Republicans’ recently passed domestic policy bill. (Politico)
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                , who managed Barack Obama’s first presidential campaign, is joining the public relations firm Orchestra as a partner. (Axios)
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                . (NYT)
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