Airbnb Can Buy Into Chesky’s AI Lab as Revenue Grows 19%
4 Articles
4 Articles
Airbnb can buy into Chesky’s AI lab as revenue grows 19%
Brian Chesky’s AI lab paid Airbnb $7.1M for some of its intellectual property and to cover certain expenses, Airbnb disclosed in its quarterly filing on Thursday. Chesky, Airbnb’s chief executive, founded the lab and controls it. Under the deal, signed this month, Airbnb can choose to join the lab’s future funding rounds. It also gets […] This story continues at The Next Web
Airbnb document reveals that Brian Chesky funds his own AI lab and rekindles doubts about corporate governance
Airbnb revealed that it paid USD 7.1 million for the intellectual property of the AI laboratory founded and controlled by Brian Chesky. The agreement also allows licensing technology and opting to participate in future funding rounds. The disclosure coincided with quarterly results that showed a revenue growth of 19% and a higher annual forecast.
The founder and CEO of Airbnb, Brian Chesky, founded an artificial intelligence laboratory and is financing the business with its own resources – in a movement that raised questions about the entrepreneur's ability to play two companies at the same time and the impact that this can generate for Airbnb. The details of Chesky's new venture were revealed in a file published yesterday by Airbnb, along with the disclosure of the results of the third …
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