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In October 2022, ProPublica reported that landlords use RealPage's asset optimization algorithm called YieldStar (later rebranded as AI Revenue Management) to increase rents throughout the United States, naming its users an illegal cartel that encouraged participants to withhold rental units from the market. Overwhelmingly, approximately 90% of ...
Founded in 1998 by Steve Winn, RealPage Inc. is a multinational company that offers a variety of technology-based services to real estate owners and property managers, including revenue management ...
Microsoft announced last week it spent $14 billion on capital expenditures tied to its AI buildout in its fiscal third quarter, up from $7.8 billion in the same period last year. The company’s ...
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Revenue management is a discipline to maximize profit by optimizing rate (ADR) and occupancy (Occ). In its day to day application the maximization of RevPAR (Revenue per Available Room) is paramount. For destinations with benchmark data available the maximization of RGI (Revenue Generated Index or RevPar Index) is the focus of this discipline.
OpenAI is an American artificial intelligence (AI) research organization founded in December 2015, researching artificial intelligence with the goal of developing "safe and beneficial" artificial general intelligence, which it defines as "highly autonomous systems that outperform humans at most economically valuable work."
IBM earnings per share of $3.87 beat the $3.76 average of Wall Street estimates, and revenue of $17.4 billion topped the $17.29 billion forecast for the fourth quarter. Of particular interest to ...
CFO Dan Durn explains Adobe's approach to generative AI. ... For fiscal year 2024, Adobe has a total revenue target of $21.3 billion to $21.5 billion. That forecast includes $15.75 billion to $15. ...
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