Airbnb Makes Significant Purchase of AI Startup for Nearly $200 Million

In a major leap forward, Airbnb has sealed its inaugural deal post-going public by acquiring Gameplanner.AI for just under $200 million, sources familiar with the agreement informed CNBC.

Gameplanner.AI, operating under the radar since its establishment in 2020, has captured Airbnb’s attention. These “stealth mode” startups often shroud themselves to safeguard intellectual property or dodge unnecessary distractions. Airbnb has confirmed that Gameplanner.AI’s integration will turbocharge its AI projects significantly.

Behind Gameplanner.AI stands Adam Cheyer, a co-founder of Siri, bringing in a wealth of experience. Cheyer’s journey includes collaborating closely with Steve Jobs after Apple’s Siri acquisition and co-founding Viv Labs, a pivotal force behind Samsung’s voice assistant.

Brian Chesky, Airbnb’s CEO, envisions a transformative role for generative AI in reshaping the platform. The goal? Crafting a personalized “travel concierge” that learns from users, enhancing their travel experiences by tailoring room or home matches based on individual preferences.

For Airbnb, this acquisition marks its first since 2019 and potentially signals a strategic shift, making the company a more enticing acquisition prospect. Notably, Airbnb touts profitability based on GAAP and holds a substantial cash reserve of $11 billion as of September.

This move by Airbnb arrives amidst reports of Google’s interest in investing in another AI startup, Character.AI. This venture, backed by Andreessen Horowitz, offers an intriguing experience, allowing users to interact with AI versions of famous personalities like Elon Musk or Albert Einstein.

This strategic move by Airbnb, acquiring Gameplanner.AI, signifies an evolution in the realm of technology and innovation. As we delve into this groundbreaking development on ImpactWealth.Org, we witness the convergence of AI prowess and visionary strategies, setting a new trajectory for transformative ventures in the tech landscape.

Stay tuned for insights into this monumental leap forward in our journey to explore the intersection of impactful investments and cutting-edge advancements in the world of wealth and technology.

Also read: Amazon Invests $4 Billion in AI Startup Anthropic