"These include risks to safety, security, human and civil rights, privacy, jobs, and democratic values."Īndrew Ross Sorkin, Editor at Large, Columnist and Founder, DealBook, The New York Times speaks with Brian Chesky, Co-Founder, Head of Community and C.E.O., Airbnb onstage at 2019 New York Times Dealbook on Novemin New York City. "In order to realize the benefits that might come from advances in AI, it is imperative to mitigate both the current and potential risks AI poses to individuals, society, and national security," the White House said in a statement. On Thursday, the White House met with CEOs from top companies researching and building AI products, calling for the ethical development of the technology to mitigate potential risks. "This is a revolution."Ĭhesky is just the latest CEO to tout the vast potential of AI, even as government and business leaders caution against its rapid deployment. "There are a lot of buzz words, but once in a while they've become revolutions," Chesky told Yahoo Finance about AI's rise to prominence in recent months. "Most of us have found that we're at an advantage being more flexible.In an interview with Yahoo Finance Live on Thursday, the co-founder of the home rental platform lauded recent advancements in generative AI, largely driven by OpenAI's ChatGPT program, saying it will disrupt the travel industry on "the most fundamental level." "The most talented people are everywhere now - and if I need engineers, designers, product managers or marketers, they're getting so distributed that if you limit your talent pool to community radius, you're probably at a disadvantage."Įvery CEO, he adds, will have to make a careful calculation for how they will navigate this tumultuous period of work: "Do I get greater productivity by keeping you tethered to an office and limiting my talent pool or allow people to work from Ohio, Canada, or somewhere else?" he says. "The most talented people aren't in San Francisco anymore … and they're not here in New York," he says. "Most companies, HR teams and finance teams don't want to deal with that," he says.Īirbnb's work from anywhere model is designed to help the company recruit top talent and diversify its applicant pool. Some of the first big tech companies to adopt flexible-work models, including Facebook, Twitter, Microsoft and Google, have said that their existing policies - which stipulate that people who relocate to a less expensive market could see a pay cut - will remain in place.Ĭhesky called location-based salaries "an outdated model" but a structure that companies likely won't phase out soon because of the "administrative burden" that comes with overhauling a pay structure managers have relied on for decades. Similarly, Chesky adds, smaller companies with 20 employees or less have led the shift to remote work.Īirbnb's "work from anywhere" model isn't just forward-thinking, Chesky says, but unique in its approach to salaries, as "almost everyone" with flexible work policies still ties employees' pay to their locations. He compares remote work to the open office floor plan, which didn't gain traction until the early 2000s when Google, Meta and other young Silicon Valley companies had popularized the trend. "If you want to predict the future, you don't look at big companies or older companies - you look at young companies, especially for culture," he says. "We didn't invent remote work, but almost no company offered this model."Ĭhesky did, however, study younger tech companies that had embraced remote work long before the pandemic while crafting Airbnb's policy. "No one did what we did," he told CNBC Make It during a Tuesday event celebrating "The Airbnb 2022 Summer Release," which includes a suite of new products and website design. Brian Chesky, the CEO and co-founder of Airbnb, has been quietly preparing to take the company remote since the start of the Covid-19 pandemic - but he didn't look to his competitors or famous names in the Fortune 500 for inspiration.
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