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TechCheck

Inside An Ai Acquisition 11/14/23

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.566 Ratings

🗓️ 14 November 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

Airbnb has made a rare acquisition, its first as a public company and only its third ever, valued at close to $200 million… Why the battle for AI talent has just begun.

Transcript

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0:00.0

Airbnb has made a rare acquisition its first as a public company and only its third ever valued at more than a hundred million dollars

0:07.3

Why the battle for AI talent has just begun

0:12.0

It's Tuesday November 14th. Welcome to the Tech Check

0:14.9

podcast. I'm dear Dribosa. And I'm Mark Gilbert. Today a

0:18.9

surprise acquisition from Airbnb not a hugely acquisitive company and D what kind of company is it these

0:26.0

days who else who gets buzz and attention and funding it's a generative AI company

0:32.1

and who's making any acquisitions outside of generative AI?

0:36.0

You, you know, in sort of the hype cycle is back.

0:40.0

It's been here the whole year, but it was off and it's kind of on again. You see coming back sort of with the market tech's been leading the way

0:46.8

But this in particular let's talk about the story the startup is called game planner.

0:51.8

AI We broke this story on air this morning on This startup is called game planner. AI.

0:53.0

We broke this story on air this morning on Tech Check, the TV daily version.

0:57.0

And sources tell me that the deal was valued at just under $200 million.

1:01.0

Now, there's no information about this company. There's no website.

1:04.7

You can't even find any information on Pitchbook which is sort of our go-to to look at

1:08.9

private startups. Because this has been in so-called stealth mode.

1:15.0

So some early companies choose to build in stealth mode so that they can protect their

1:20.3

intellectual property and they can avoid distractions.

1:23.2

What I can tell you about this company is it was co-founded by Adam Chair.

1:27.0

He is a well-known name in artificial intelligence.

1:29.4

One of the founders of Siri, the voice assistant of Apple, when it was acquired by Apple, he worked alongside

1:34.0

Steve Jobs, so some big credibility there.

...

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