Opendoor Expands To Every Zip Code In America In Record Time Using AI: 'This Is Why Every Major Business Is Excited About AI,' Says Anthony Pompliano - Opendoor Technologies (NASDAQ:OPEN)
OpendoorOpendoor(US:OPEN) Benzinga·2025-12-23 06:14

Core Insights - Opendoor Technologies Inc. has successfully launched its Cash Plus service across nearly all ZIP codes in the U.S. in a matter of weeks, showcasing the rapid expansion enabled by artificial intelligence [1][2] Group 1: Company Expansion - The new CEO, Kaz Nejatian, highlighted the contrast between the company's initial 10-year expansion in a limited area and the recent nationwide rollout completed in approximately 10 weeks, attributing this shift to increased use of AI [2] - As of last week, Opendoor was only active in a limited number of key markets, but now its services cover almost the entire country, with only a few gaps remaining [3] Group 2: AI Impact - Opendoor aims to simplify the home buying and selling process, allowing homeowners nationwide to receive cash upfront while selling their current homes at market value [4] - Investor Anthony Pompliano emphasized the broader implications of AI on business productivity, stating that companies are beginning to achieve significant efficiency gains through AI deployment [5][6] Group 3: Stock Performance - Opendoor's shares increased by 0.94% on Monday, closing at $6.42, and saw an additional rise of 0.47% overnight, indicating a favorable long-term price trend according to Benzinga's Edge Stock Rankings [7]