Opendoor Technologies: Real Estate Marketplace Triples Reach with AI – Profitability Approaches!
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Opendoor Technologies (OPEN) operates a digital marketplace for residential real estate, aimed at accelerating the traditionally sluggish buying and selling process through algorithm-based instant offers. Under CEO Kaz Nejatian, the "Opendoor 2.0" strategy is showing results. It took 10 years to reach one-third of US households, with presence tripled in the last 10 weeks thanks to AI. By forgoing third-party tools in favor of in-house AI models, the company has managed not only to save costs but also to increase the speed of acquisitions by...
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