Did Airbnb Just Make a Killer Move Into AI?
Airbnb (NASDAQ: ABNB) could be the newest AI stock. The home-sharing leader said last week that it had acquired GamePlanner.AI, a stealth 12-person AI company led by Adam Cheyer, one of the founders of Siri. As a "stealth" company, GamePlanner.AI has generally avoided public scrutiny, developing its technology in private. The deal was valued at just under $200 million, according to CNBC, and marks Airbnb's first acquisition as a public company.
The move is also a significant step in CEO Brian Chesky's vision to be a comprehensive "travel concierge," going beyond bookings and experiences to actually guide travelers and give personalized advice. Before the acquisition, he described the concierge as a tool that would get to know your preferences and interests to give you more personalized service and recommendations.
In a statement, Chesky said, "AI will rapidly alter our world more than any other technology in our lifetime, but we need to ensure that it augments humanity in a positive way." He added: "Airbnb is one of the more humanistic companies in technology, and I believe that, together with Adam and his team, we can develop some of the best interfaces and practical applications for AI."
Source Fool.com
travel BV ADR Stock
Currently there is a rather positive sentiment for travel BV ADR with 3 Buy predictions and 0 Sell predictions.
With a target price of 3 € there is potential for a 439.57% increase which would mean more than doubling the current price of 0.56 € for travel BV ADR.
