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Airbnb develops AI travel agent intended to book beyond its platform

Airbnb is developing a specialized AI travel agent intended eventually to make bookings both on and off its platform, co-founder and Chief Strategy Officer Nathan Blecharczyk told Bloomberg. The planned booking scope would extend the agent beyond Airbnb's own platform.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Capital Infrastructure
Capital Infrastructure

Torus says it raised $500 million for combined battery and AI computing product

Energy-storage startup Torus said it raised $500 million in funding to help launch a product that combines batteries with artificial-intelligence computing. The product is the size of a shipping container, bringing energy storage and computing into one unit.

Capital Products
Capital Products

Sennder details €228 million financing package for freight operations

Digital freight forwarder sennder has secured a €228 million financing package, EU-Startups reported. It includes €73 million in equity accumulated over the past two years and €155 million in institutional financing, rather than an entirely new equity round.

Capital AI
Capital AI

Fractile raises $720M at reported $7B valuation

London-based AI chip startup Fractile raised $720M from Thrive, Founders Fund and other investors, the Financial Times reported, citing sources. The funding values the company at $7B after the investment, up from approximately $1.1B in May.

Policy Products
Policy Products

EU proposes subscription controls and ban on loot boxes for minors

The European Commission proposed a Digital Fairness Act that would ban paid loot boxes for under-18s, prohibit manipulative interface practices and require online subscription cancellation in a few clicks, The Next Web reports.