The head of the home-sharing service believes employee gathering in spaces will still exist but in an entirely different form. That's because more workers will opt for relocating to different cities, states, or countries or regularly travel, Chesky says. The CEO, who is also a co-founder, has already visited a dozen different cities since January to work remotely and plans to continue the nomadic lifestyle with his 9-month-old Golden Retriever Sophie Supernova through summer, he said. Airbnb, which reported a first quarter net loss of $19 million on a 70 percent surge in quarterly revenue to $1.51 billion from a year earlier, has been benefiting from the uptick in travel.

Popular gay dating app Grindr has agreed to go public through a blank-cheque firm whose founder was part of a consortium that bought the company in 2020, according to a filing with the US Securities and Exchange Commission on Monday. The deal with Tiga Acquisition Corporation will raise $384m including $284m of the special-purpose acquisition company's (SPAC) cash in trust plus up to $100m in a forward purchase agreement, valuing the company at $2.1bn including debt, according to the filing. The dating app was valued at $620m when it was sold in 2020 by its Chinese owner. Tiga Acquisition Corp went public in November 2020 to raise $240m, a few months after the Grindr sale. The SPAC would have to liquidate later this month if it failed to reach a deal with a potential merger target, after several extensions of the liquidation deadline.

AMD plans to introduce processors next year that integrate AI engines from the company's recently acquired Xilinx FPGA business unit, which helped the chip designer deliver high sales growth in the first quarter along with the company's traditional PC and server businesses. CEO Lisa Su disclosed the plans for new AI-fueled CPUs during her company's first-quarter earnings call Tuesday, where she said the resulting microprocessors will "enable industry-leading inference capabilities" as part of broader plans to capitalize on AMD's $49 billion Xilinx acquisition. The AI engines are already being used in Xilinx's FPGA-based products for embedded and edge applications, including image recognition for cars, according to Victor Peng, Xilinx's former CEO who now leads AMD's Adaptive and Embedded Computing Group. Peng said AMD is working on developing "unified" software that will help developers take advantage of the new AI capabilities for both inference and training in datacenters and at the edge. Overall, Su said, Xilinx will allow AMD to have a "much broader set of offerings" in the AI hardware space that goes beyond the company's current capabilities with CPUs and GPUs.

Swedish game company Embracer Group has just made a blockbuster deal to acquire Crystal Dynamics, Eidos-Montréal and Square Enix Montréal for what seems like a bargain $300 million price, the company confirmed in a press release. The deal includes a "catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from Square Enix Holdings," it wrote. The transaction is subject to regulatory approval. Those studios represent around 1,100 employees across eight global locations, the company noted. When the deal is finalized, Embracer will have 14,000 employees, 10,000 game developers and 124 internal studios.

The platform leverages AI throughout the buyer's journey, eliminating the guesswork that plagues revenue teams, improving the customer experience and generating high-quality pipelines that are more likely to convert. According to Jason Zintak, CEO of 6sense, the platform offers all-in-one AI and is revenue-obsessed because it has seen what is possible when a complete revenue team has access to AI. Artificial intelligence has the potential to displace hunch-based techniques in favor of real-time, data-driven insights and next best actions. Thus, the key focus of the announcement is artificial intelligence. The results generate consistent revenue growth. "We've experienced the frustration that guesswork causes and how it impedes revenue generation," Zintak told CMSWire.

GoodRx a leading consumer-focused digital healthcare platform, announced the completion of its previously announced acquisition of vitaCare for $150 million in cash, with an additional $7 million of consideration contingent payment upon vitaCare's financial performance through 2023. VitaCare is a pharmacy services platform that expands GoodRx's offering to pharmaceutical manufacturers while helping to improve patient access and adherence to affordable brand drugs. The acquisition will enable GoodRx to help more patients receive their prescriptions in an efficient, affordable, and transparent manner, and stay on their prescribed therapies as long as appropriate. In addition, the acquisition is expected to further strengthen our rapidly growing Pharma Manufacturer Solutions offerings which span medication awareness, access, and adherence with unique capabilities. "The vitaCare acquisition gives us unique capabilities to facilitate the brand prescription process from start to finish, expanding our capabilities beyond our digital platform and into the patient's pharmacy journey," said Doug Hirsch, co-CEO and co-founder of GoodRx.

We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Organizations are increasingly adopting AI-enabled technologies to address existing and emerging problems within the enterprise ecosystem, meet changing market demands and deliver business outcomes at scale. Shubhangi Vashisth, senior principal research analyst at Gartner, said that AI innovation is happening at a rapid pace. Vashisth further noted that innovations including edge AI, computer vision, decision intelligence and machine learning will have a transformational impact on the market in coming years. However, while AI-powered technologies are helping to build more agile and effective enterprise systems, they usher in new challenges. For example, Gartner notes that AI-based approaches if left unchecked can perpetuate bias, leading to issues, loss of productivity and revenue.

Sophisticated entrepreneurs and parents are in the early stages of mass market growth. The Artificial Intelligence (AI) software market is expected to grow 21% this year, while the overall AI market is expected to grow at a CAGR of 40% by 2028. Investors will be hard pressed to find another market with the expected strength. The key players in this market are Nvidia (NVDA-2.10%) and IBM (IBM 0.10%), both of which are moving towards enabling more efficient and automated lifestyles with potential for improvement and life-saving potential. Both can provide the resources needed to build your long-term portfolio.

IntelyCare, a Quincy, MA-based tech-enabled nurse staffing platform for healthcare organizations announced it has secured $115M in a Series C financing round led by Janus Henderson Investors with participation from new and existing investors Longitude Capital, Leeds Illuminate, Endeavour Vision, Revelation Partners, and Kaiser Permanente Ventures. That latest round of funding brings IntelyCare's valuation to $1.1 billion. With nurse shortages expected to surpass 1 million this year, technologies like IntelyCare's are essential to protect the health of the nation. The post-acute space is poised to grow tremendously as providers strive to increase hospital throughput to reduce costs and drive better patient outcomes. Post-acute care will be increasingly distributed in the future, most notably in the home setting, which will require technology to efficiently bring together care providers and patients.

AI adoption is on the rise. According to a recent McKinsey survey, 55% of companies use artificial intelligence in at least one function, and 27% attribute at least 5% of earnings before interest and taxes to AI, much of that in the form of cost savings. As AI will dramatically transform nearly every industry it touches, it's no surprise that vendors and enterprises are looking for opportunities to deploy AI everywhere they can. But not every project can benefit from AI and attempting to apply AI inappropriately can not only cost time and money but also sour employees, customers, and corporate leaders on future AI projects. The key factors for determining whether a project is suitable for AI are business value, availability of training data, and cultural readiness for change.