PayPal Ventures shuttersPayPal’s corporate venture arm, PayPal Ventures, is set to shutter, five anonymous sources familiar with the matter told Fortune on Tuesday. PayPal launched its ventures arm in 2016, and the employee count has dropped from more than 10 staff in 2025 to two current staff, according to a PayPal Ventures webpage.Despite existing on paper, PayPal Ventures has paused new investment activity following CEO Enrique Lores’ note that PayPal is boosting AI adoption and aims to “recommit to the fundamentals” during a May earnings call. Going live: Spotify launches Reserved by SpotifyMusic artists’ top fans will now have early access to live ticketed concerts through Spotify’s Reserved by Spotify system, the world’s leading audio streaming platform announced on Thursday. Starting with “Sally, When the Wine Runs Out” singer Role Model, Reserved by Spotify will hold tour tickets for singers’ top fans before the general ticket sale opens, according to a Spotify announcement. The system became available to U.S. Spotify Premium subscribers older than 18 on Wednesday. Spotify will not collect fees from Reserved by Spotify’s transactions, and the tickets will be sold via Ticketmaster for Live Nation concerts exclusively. Traveling tech: Waymo recalls 4,000 robotaxisDue to 13 instances of robotaxis driving into highway stretches that were closed for construction in Arizona and California, Waymorecalled nearly 4,000 vehicles on Thursday. The Alphabet-owned company began offering highway rides in November 2025, and has conducted six robotaxi recalls for issues with the vehicles including driving on flooded roads and breaking driving laws around schoolbusses.Rewiring retail: Frigidaire launches in-fridge AI assistantRoughly 74% of Americans throw away refrigerated food at least once a week, despite 64% of Americans trying to avoid food waste, according to a Frigidaire study. To combat food waste, the fridge company launched Frankie — an AI-powered personal assistant attached to popular Frigidaire models — on June 10. Frankie can provide personalized recipe recommendations before food is forgotten or discarded, and recommend reheating instructions to Frigidaire owners, according to a brand statement.This story first appeared on PRWeek U.S.
The Social Skinny: PayPal Ventures shutters; Frigidaire launches in-fridge AI assistant
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