Airbnb’s CEO and CTO both own part of the lab buying its IP, but the filing gives shareholders little detail on what changed hands.
Airbnb sold intellectual property to a private AI lab founded and controlled by CEO Brian Chesky. CTO Ahmad Al-Dahle also holds a stake in the lab, and both executives work for the entity.
The November transaction generated $7.1 million in cash for the IP and expense reimbursements combined, according to Airbnb’s quarterly SEC filing.
A special committee of independent, disinterested directors approved the arrangement under Airbnb’s related-party transaction policy. Airbnb stated that the executives’ roles at the lab will not alter their responsibilities to the company and that both conti
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Tags: Ahmad al dahle, airbnb, artificial intelligence, brian chesky, online travel newsletter, the prompt, travel technology