Opendoor is an ‘AI company,' says CEO, vowing to achieve profitability by end of next year

Core Insights - Opendoor Technologies Inc. is leveraging artificial intelligence to enhance its profitability in the online real-estate market [1] Company Summary - The company has recently gained significant attention in the stock market, likened to meme stocks, indicating a surge in retail investor interest [1] - Opendoor aims to utilize AI technologies to streamline operations and improve decision-making processes, which is expected to contribute positively to its financial performance [1] Industry Summary - The online real-estate platform sector is witnessing a transformation driven by advancements in artificial intelligence, which is reshaping how companies operate and compete [1] - The integration of AI in real estate is anticipated to create new efficiencies and opportunities for growth within the industry [1]