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Airbnb shares jumped 15% after an earnings beat, and CEO Brian Chesky pointed to artificial intelligence as the engine behind the improvement.
The case for that reading is more interesting for the admission buried inside it: a year ago, Chesky said he wasn't sure AI would actually help the company. What changed in a year The pivot is significant.
Chesky's earlier skepticism was public, which means the reversal carries weight beyond the usual executive boosterism.
He now says AI is the reason growth is back, and Airbnb plans to spend "a lot more" on the technology going forward. That framing will matter to the buy-side.
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