Airbnb has completed its first buy since going public, a $200 million acquisition of Gameplanner.AI. Founded in 2020 by Adam Cheyer, one of the creators of Siri (which was purchased by Apple), the startup had been in "stealth mode" until now. The source has stated that this purchase would further their AI initiatives.
Airbnb has made its first acquisition as a public company, reportedly valued at under $200 million, according to sources who are familiar with the details.The startup in question is titled Gameplanner.AI, which had been operating out of public view ever since its inception in 2020. Airbnb reportedly believes that, with its assistance, certain AI projects will be much faster to complete. Co-founder of Gameplanner.AI is Adam Cheyer, who was on the establishing team of Siri prior to its acquisition by Apple and later aided in creating Viv Labs, which was the foundation for Samsung's voice assistant.
Nvidia has made public the H200, its most modern high-end chip, intended for the training of AI models. Microsoft has announced its new GitHub Copilot Enterprise helper, which can provide assistance with corporate coding. Lastly, health AI startup Cercle has been launched with support from Sheryl Sandberg.
Nvidia has just unveiled their most up-to-date high-end chip, H200, for training artificial intelligence models. Microsoft's recently released GitHub Copilot Enterprise aid is available to assist with business coding needs. Furthermore, an AI health startup called Cercle has been debuted, and it has Sheryl Sandberg's support.
Brian Chesky, CEO of Airbnb, has stated that he wants to use generative AI to transform the platform into an "amazing travel concierge" that can learn about users and enrich their travel experience, for example by finding the perfect rooms or homes for them. This buy is Airbnb's first acquisition since 2019 and brought up speculations on Wall Street that Chesky's M&A policy could be changing, which could possibly make Airbnb an even more desirable acquisition possibility. The company has reported profit on a GAAP basis and had $11 billion worth of cash and liquid assets as of the end of September. This move by Airbnb follows the rumors about Google negotiating to invest hundreds of millions into Character.AI, a startup that raised $150 million with a $1 billion valuation on a funding round led by Andreessen Horowitz in March. Character.AI gives people the chance to construct virtual characters or to converse with AI versions of celebrities such as Elon Musk or Albert Einstein.
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