Daily Market Updates: Airbnb CEO says AI spending will increase after earnings beat

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Airbnb CEO says AI spending will increase after earnings beat

Airbnb shares rose 15% after the company reported an earnings beat, and CEO Brian Chesky said AI is behind the renewed growth.

Reported · Written up by our desk · Equities

Airbnb CEO Brian Chesky said the company plans to spend “a lot more” on artificial intelligence after reporting an earnings beat that helped drive a sharp jump in the stock price, according to CNBC Markets.

Chesky previously had been unsure whether AI would help Airbnb, but he said that a year later, AI is the reason growth has returned.

CNBC World also reported the same remarks alongside the earnings and stock move.

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Sources

CNBC MarketsChesky says Airbnb will spend ‘a lot more’ on AI as earnings beat and stock surges 15%

CNBC WorldChesky says Airbnb will spend ‘a lot more’ on AI as earnings beat and stock surges 15%

US Markets

Airbnb CEO says AI spending will increase after earnings beat

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