Chesky plans to create an AI venture to develop artificial intelligence models, with a potential focus on user interaction and design. He is in the early stages of funding the lab, and will remain CEO of Airbnb while not serving as chief executive of the new lab.
Chesky has argued that AI applications for travel and e-commerce require a rich user interface rather than text-based chatbots. Unlike Expedia Group Inc. and Booking Holdings Inc., Airbnb has not partnered with OpenAI to create a plug-in within ChatGPT, as Chesky has said the AI startup's tools aren't robust enough.
Airbnb is being transformed into a "do-it-all" travel app with new add-on services that Chesky hopes could eventually bring in $1 billion or more in revenue a year. Airbnb employees have embraced AI coding tools to help accelerate expansion, with new business pilots spun up in weeks rather than years.
Summaries like this, in your inbox every morning.
Pick your industry and the AI tools you use, and get news related to your work every day.
Free · 30 seconds with Google · unsubscribe anytimeWhat is AIToday? →
Ask AI anything about this article. The AI reads this article, earlier AIToday articles, and Wikipedia, and cites its sources. Q&As are published on this page for other readers too.
Chunghwa Telecom president Rong-shy Lin said the shift from conversational AI to autonomous AI agents is resha…
CoreWeave fell 5% in premarket trading Friday and was on track to finish the week down 15%, after rebounding f…
Apple and Meta said they would jointly release a new open-weight AI model designed to run on high-end Macs, ai…
Investors put $38.5 billion into Asian startups in Q3, per Crunchbase data
A longtime Anthropic investor told Fortune he expects shares priced around $1.8 trillion, below the company's…
In Q2, billionaires or their funds sold six 'Magnificent Seven' AI stocks
