Opendoor is an ‘AI company,’ says CEO, vowing to achieve profitability by end of next year
1. Opendoor shifts focus to software and AI for profitability. 2. Third-quarter revenue was $915 million, above analyst estimates. 3. Leadership changes include CEO Kaz Nejatian and co-founders returning. 4. Company plans to achieve breakeven adjusted net income by next year. 5. Despite optimism, shares fell over 12% in post-trading.