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AI Policy

US and China agree to set up AI risk dialogue and incident hotline

The United States and China have agreed to set up a "Super Intelligence Dialogue" on AI risks and a separate communications channel for AI incidents, Axios reported. The agreement gives the two governments planned routes to discuss risks and communicate about incidents. The incident hotline was likened to a Cold War-era "red telephone." Both arrangements are agreements to establish channels.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme 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.

AI Capital
AI Capital

Plurai raises $13 million for simulations that test business AI agents

Plurai said Wednesday it raised $13 million in seed funding for a platform that simulates companies' digital systems to test and improve AI agents. Team8 led the round, with participation from U&I, Velocity and Mercer, TechCrunch reported.

Capital AI
Capital AI

Rox raises $100M Series B at $1.3B valuation

Rox raised a $100M Series B co-led by General Catalyst and March at a $1.3B valuation, Fortune's Morgan Chittum reported. The company develops AI agents that automate customer research and outreach, placing the financing in the market for enterprise sales automation.