Airbnb reported 20% higher revenue in the first quarter, which it credited to a roughly equivalent increase in the number of nights and experiences booked. The increase lifted Airbnb’s free cash flow by 32% to $1.6 billion. While the travel booking site is now immensely profitable and cash rich—it finished the quarter with $10.6 billion in cash and investments—its growth rate has slowed...
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How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core. The founder and CEO of Logikcull, a San Francisco–based legal technology company, Wilson “had the exact same reaction to ChatGPT as I had to the internet browser in the early ’90s,” he said. “But this time I knew it would be even bigger than...
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How Microsoft Swallowed Its Pride to Make a Massive Bet on OpenAI
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