Airbnb CEO: AI is 'going to change everyone's life'

Airbnb CEO Brian Chesky joins Yahoo Finance Live to discuss AI opportunities, innovation, outlook, and its application in companies.

Chesky told Yahoo Finance, "There's a reason there are tech buzzwords because once in a while they're real. The computer was real. The internet was real. Mobile was real ... AI, this one's real."

Chesky added, "It's going to change everyone's life. It's going to be like electricity. It's going to be something that we're all going to live with ... it's like the weather just changed. You just live in this new world where everything is going to evolve."

The Airbnb (ABNB) CEO emphasized, "So again, there's a lot of buzzwords. But once in a while, they become revolutions."

In addition to AI, Chesky sat down with Yahoo Finance Live to discuss the new addition to Airbnb features and how it plays a role in the company's customer experience, the travel industry outlook, the regional banking crisis, and more.

Video transcript

[CHILL TECHNO BEATS]

BRIAN CHESKY: There's a reason there's tech buzzwords. Because once in a while, they're real. The "computer" was real. The "internet" was real. "Mobile" was real.

The problem is, if somebody talked about "the metaverse," then they talked about "Crypto Web3," now they're talking about "AI," there's a good chance they don't know about any of them. Because how could you be an expert in all three?

But it turns out that AI, this time, this one is real. It's going to change everyone's life. It's going to be like electricity. It's going to be something that we're all going to live with.

It's a little hard to predict. I don't think that it's something that is a bandwagon you jump on. It's just something that's like the weather just changed. You just live in this new world where everything's going to evolve.

The nearest term impact it's going to have is it's going to make everyone in tech companies more productive. Software engineering will be more efficient, because programming is a language. And now suddenly, these tools can in some ways do development just as good as a person, in some cases better than the person. It can be a great copilot for them.

I think the main thing it's going to do is it's going to improve productivity. I think over the next couple of years, we're going to start to see really interesting applications go up.

You only have a few big language models, like base models, maybe like OpenAI. So the real question, the real economic opportunity, is what can you build on top of them? What applications are now possible, because of AI, THAT weren't.

So again, there's a lot of buzzwords, but once in a while, they become revolutions.

[CHILL TECHNO BEATS]