Newsom, Kirk, A.I., Trump and Other DealBook Summit Highlights

Harvey, a startup specializing in A.I. legal software, has successfully raised $160 million in funding, bringing its valuation to approximately $8 billion. This financial boost is aimed at expanding its customer base beyond traditional law firms.

A growing U.S. tech hub is facing a significant workforce shortage, prompting colleges to adapt their programs to meet the increasing demand for skilled workers in technology fields. This shift is crucial as the tech industry continues to expand rapidly, creating numerous job opportunities that require specialized education and training.

The construction of chip factories in America faces significant challenges, with a reported 18,000 reasons contributing to the complexity of establishing these facilities. Factors include regulatory hurdles, high costs, and the need for skilled labor, which complicate the process of building and operating semiconductor manufacturing plants in the country.

The 2025 DealBook Summit, hosted by The New York Times, highlighted key market trends and regulatory challenges, including discussions on artificial intelligence, prediction markets, and economic pressures affecting consumer behavior. Notable sessions included insights from Treasury Secretary Scott Bessent on tariffs and their impact on inflation.

Former President Donald Trump praised Nvidia CEO Jensen Huang following a discussion about export controls affecting the company's operations. This conversation comes amid ongoing scrutiny over U.S. regulations that have impacted Nvidia's ability to export AI chips, particularly to China.

President Trump has reiterated his claims that the cost of living has decreased, despite widespread frustration among American voters regarding rising prices. He labeled the concerns over affordability as a 'hoax,' aiming to bolster his narrative ahead of upcoming political challenges.

Prediction markets were discussed at the DealBook Summit, highlighting their potential to allow individuals to place bets on various outcomes, including political races and the Oscars. These platforms have gained attention for their unique approach to forecasting events and trends.

Former President Donald Trump has pardoned Leiweke, co-founder of Oak View Group, a company known for its involvement in the sports and entertainment industry.