Written by 3:45 pm AI, Discussions, Uncategorized

– Airbnb Acquires AI Startup for Under $200 Million

Airbnb has made its first acquisition as a public company, in a deal valued at just under $200 mill…
  • Airbnb has finalized its inaugural acquisition as a public entity, with a value just shy of $200 million, as per informed sources.
  • The acquired company, Gameplanner, was established in 2020 by Adam Cheyer, a former member of the Siri team at Apple. Gameplanner has been employing AI in a discreet manner, operating under the radar for reasons such as safeguarding intellectual property and avoiding distractions. Airbnb intends for AI to expedite certain tasks within the company.
  • Adam Cheyer, a co-founder of Siri and Gameplanner, previously collaborated with Steve Jobs after Apple acquired Siri. Cheyer later co-founded Viv Labs, a venture that laid the foundation for Samsung’s virtual assistant.
  • Brian Chesky, the CEO of Airbnb, envisions that advanced AI will revolutionize the platform, positioning it as a “travel concierge” to enhance user experiences by personalizing travel recommendations and accommodations.
  • This recent acquisition marks Airbnb’s first major consolidation since 2019, potentially signaling a shift in their M&A strategy under Chesky’s leadership. With profitability on a GAAP basis and substantial liquid assets of $11 billion as of September, Airbnb appears financially robust.
  • Reports suggest that Google is contemplating a significant investment in Character, an AI startup backed by Andreessen Horowitz. Character, valued at \(1 billion after raising \)150 million in a recent funding round, offers users the opportunity to interact with virtual representations of notable figures like Elon Musk and Albert Einstein or craft unique online personas.
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Last modified: February 26, 2024
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