The UAE is home to most of its customers, and people from Saudi Arabia and Kuwait form the bulk of its international customer base.
Entering Saudi ArabiaStake claims it has surpassed Dubai-based fractional property investment platforms like Smartcrowd, but it will be starting afresh in Saudi Arabia.
Property investment companies therefore set up special purpose vehicles through which they let investors buy real estate.
“Saudi Arabia has properties that are recently completed and under development that are worth billions.
We are going to use [our] experience to offer a similar unified product for investment in Saudi Arabia within the same app,” Mahmassani said.
Airbnb already has labels like “Guest favorites” and “Superhost” to indicate the quality of a property or the host.
Now the company is adding a new label for the top 25% and top 1% properties on the listing page.
Usually, Airbnb releases updates twice a year with so-called winter and summer releases.
Airbnb said today that nearly 1.5 million properties would be verified by the end of this month in these five markets with a verification badge shown next to the listings.
Airbnb said that it plans to add photo and video verification tools for hosts to verify their listings.
Orbital Materials — founded by Jonathan Godwin, who previously was involved with DeepMind’s material research efforts — is creating an AI-powered platform that can be used to discover materials ranging from batteries to carbon dioxide-capturing cells.
Godwin says he was inspired to found Orbital Materials by seeing how the techniques underpinning AI systems like AlphaFold, DeepMind’s AI that can predict a protein’s 3D structure from its amino acid sequence, could be applied to the materials sciences.
“[Yet] demand for new advanced materials … is growing hugely as our economies become electrified and de-carbonized.”Orbital Materials isn’t the first to apply AI to materials R&D.
Osmium AI, led by an ex-Googler and backed by Y Combinator, enables industrial customers to predict the physical properties of new materials, then refine and optimize those new materials leveraging AI.
But what sets Orbital Materials apart is its proprietary AI model for materials science, Godwin claims.
Here, a fractional short-term vacation rental marketplace, has shut down after just over two years of operation.
In a statement on its website, the company said its goal was to sell all of the properties that it holds within the next six months.
According to the publication ShortTermRentalz, the marketplace gave investors a way to acquire partial ownership of vacation rentals.
Just last week, TechCrunch broke the news that Frontdesk, a short-term rental provider, had laid off its entire staff and was on the verge of shutting down.
Last November, we reported on Zeus Living reportedly shutting down after raising $150 million in debt and equity.
