🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Airbnb CEO Brian Chesky plans to fix ‘fundamentally broken’ company. Here's how

Livemint

Livemint · 1y ago

Airbnb CEO Brian Chesky plans to fix ‘fundamentally broken’ company. Here's how

Airbnb CEO Brian Chesky is working on fixing the core issues of the company in response to recent challenges. The improvements are focused on addressing pain points for guests, including affordability, customer service, and listing verification. Chesky acknowledges that Airbnb needs to prioritize fixing its foundation before creating new features. The company is using AI for quality control, such as verifying listings and preventing unauthorized house parties. Chesky hints at upcoming developments, including a loyalty program, and discusses the future of Airbnb in New York. The CEO believes that the company is nearing a turnaround and promises more updates in the future.

Related News

Airbnb plans to use AI, including its GamePlanner acquisition, to create the ‘ultimate concierge’

TechCrunch · 1y ago

Airbnb plans to use AI, including its GamePlanner acquisition, to create the ‘ultimate concierge’

Airbnb plans to use AI, including its recent acquisition of GamePlanner.AI, to create a highly innovative AI interface. CEO Brian Chesky explained that Airbnb aims to leverage AI models to create a more personalized and adaptive user experience. The company doesn't intend to build its own AI infrastructure but will rely on AI technologies from OpenAI, Meta, and Google. Chesky believes that AI represents a platform shift similar to the internet's creation and the rise of mobile technology, and it will fundamentally change the way people interact with Airbnb's platform.

Airbnb acquires AI startup GamePlanner

Economic Times

Economic Times · 1y ago

Airbnb acquires AI startup GamePlanner

Airbnb has acquired GamePlanner.AI, a 12-person startup founded by Adam Cheyer, co-founder of Apple's Siri voice assistant. The deal, reportedly valued at just under $200 million, expands Airbnb's AI capabilities with GamePlanner.AI's technology. Airbnb CEO Brian Chesky highlighted the transformative impact of AI, and the acquisition aligns with the trend among travel companies, including Booking and Expedia, to integrate AI for enhanced customer experiences and itinerary suggestions. Airbnb did not disclose specific details of the acquisition.

The 4 most interesting things from Airbnb's earnings

Business Insider

Business Insider · 10m ago

The 4 most interesting things from Airbnb's earnings

Airbnb reported third-quarter earnings, showing growth and potential for expansion beyond accommodations. Despite a slow start, revenue increased by 10% to $3.73 billion, and bookings rose by 8% to 122.8 million. Airbnb aims to attract more hosts through its co-host program, which allows people to manage properties on the platform. Additionally, the company plans to introduce an AI chat assistant to enhance customer support and eventually expand into new business areas. CEO Brian Chesky mentioned Amazon's growth as a reference and expects to launch one to two new businesses generating significant revenue each year.

Eric Schmidt, Brian Chesky, other leaders praise Altman's contribution to AI

Livemint

Livemint · 1y ago

Eric Schmidt, Brian Chesky, other leaders praise Altman's contribution to AI

Tech leaders such as former Google CEO Eric Schmidt and Airbnb CEO Brian Chesky have praised Sam Altman for his achievements in the field of AI. Altman, the former co-founder and CEO of OpenAI, was recently fired after a review found issues with his communication with the board of directors. However, leaders in the tech industry continue to recognize Altman's significant impact and contribution to the industry.

Can Airbnb redefine travel again?

Livemint

Livemint · 1m ago

Can Airbnb redefine travel again?

Airbnb aims to become the all-encompassing app for travel, expanding beyond accommodation to include travel experiences. CEO Brian Chesky aspires for the platform to integrate into everyday life. The initial success was due to utilizing unused residential spaces. Now, extending this model to travel activities presents economic challenges and scalability issues. If achieved, this could stabilize Airbnb's fluctuating stock performance over the past five years.

Companies News Today Live Updates on October 18, 2024: AI won’t fix the ‘broken trip’ experience in travel: Skyscanner CEO

Livemint

Livemint · 11m ago

Companies News Today Live Updates on October 18, 2024: AI won’t fix the ‘broken trip’ experience in travel: Skyscanner CEO

Companies News Today Live Updates on October 18, 2024: AI won't fix the 'broken trip' experience in travel, says Skyscanner CEO. Stay informed about the latest company updates, including financial performance, strategic acquisitions, and market shifts. Get detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Apple unexpectedly supports Right to Repair Act

Economic Times

Economic Times · 2y ago

Apple unexpectedly supports Right to Repair Act

A Right to Repair Act that mandates manufacturers provide customers and outside repair shops with tools, parts, and information needed to fix broken electronics is making its way through the state legislature.

Binance US CEO Brian Shroder to leave, firm to lay off 100 people

Economic Times

Economic Times · 2y ago

Binance US CEO Brian Shroder to leave, firm to lay off 100 people

Brian Shroder, the CEO of Binance US, will leave the company, and Norman Reed, the general counsel, will serve as interim CEO. Binance US also plans to cut over 100 positions. This move aims to provide Binance.US with seven years of financial stability and allow it to operate as a crypto-only exchange. Binance has faced significant regulatory scrutiny in the United States, including a lawsuit by the SEC alleging multiple charges against the company and its CEO Changpeng Zhao.

With ‘Founder Mode,’ Silicon Valley makes micromanaging cool

Livemint

Livemint · 1y ago

With ‘Founder Mode,’ Silicon Valley makes micromanaging cool

Paul Graham, co-founder of Y Combinator, has coined the term "Founder Mode", referring to the unique abilities and relationship that entrepreneurs have with their companies. It challenges the conventional wisdom that outside managers are needed to scale a startup, arguing that founders can accomplish things that professional managers cannot. The concept has gained support from tech leaders like Elon Musk and Brian Chesky, who emphasize the deep passion, permission to make necessary changes, and understanding of the company's origin that founders possess. However, some argue that execution is ultimately what matters, and experienced managers may outperform founders in scaling a business.

Airbnb agrees to pay $621 million to settle a tax dispute in Italy

Economic Times

Economic Times · 1y ago

Airbnb agrees to pay $621 million to settle a tax dispute in Italy

Short-term rental platform Airbnb has agreed to pay 576 million euros ($621 million) to settle a tax dispute in Italy. The settlement comes after Italian prosecutors claimed that Airbnb owed approximately 779 million euros ($840 million) in unpaid short-term rental taxes. However, Airbnb has stated that it will not seek to recover the money from its hosts. The company is also working on implementing tools for hosts to have their taxes automatically withheld and paid to the Italian tax authorities. Italy is an important market for Airbnb, with many hosts using the platform to rent their properties.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

GST 'fraud': MNCs gained from fak ...

Exclusive: Lighthouse-backed Duro ...

US tariffs to shear 5-10% off hom ...

Download the medial app to read full posts, comements and news.