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Opendoor Technologies Inc., the online real-estate platform whose stock has recently attracted a surge of meme-like attention, will ride the artificial-intelligence wave to profitability, according to its new chief executive.
“We are refounding Opendoor as a software and AI company,” CEO Kaz Nejatian said in a
statement that accompanied the company’s third-quarter results late Thursday. “In my first month as CEO, we’ve made a decisive break from the past — returning to the office, eliminating reliance on consultants, and launching over a dozen AI-powered products and features that demonstrate our renewed velocity.”
