Here's a story that makes the AI hype feel a little more real: Opendoor Technologies Inc. (OPEN), the iBuying platform that wants to make home transactions less painful, just rolled out its Cash Plus service to practically every corner of America. The timeframe? About 10 weeks. The previous expansion effort? That took a decade to reach a handful of markets.
Ten Years Versus Ten Weeks
On Monday, Opendoor's new CEO, Kaz Nejatian, laid out the contrast in stark terms. The company's early growth phase saw it slowly expanding into a limited cluster of ZIP codes over 10 years. The recent nationwide push wrapped up in roughly 10 weeks. What changed? According to Nejatian, it's the company's increasing reliance on artificial intelligence to power operations and decision-making.
Just last week, Opendoor operated in only a handful of key markets. Today, the service blankets nearly the entire country, with just a few gaps in coverage. Through its Cash Plus program, homeowners anywhere in the U.S. can now receive cash upfront while they search for their next property, with Opendoor handling the sale of their current home for market value, the company announced on X.
Why Major Businesses Are Betting on AI
Investor and entrepreneur Anthony Pompliano, who happens to be an Opendoor shareholder, seized on the announcement to make a broader point about artificial intelligence. "This is why every major business is excited about AI and the productivity gains," he wrote on X, attaching a video where he challenged the notion of an AI bubble.
In Pompliano's view, companies are only beginning to reach "escape velocity" with AI implementation, and there's considerable runway ahead. "Every business I know that's worth anything" is already deploying the technology internally, he explained, enabling teams to move faster and accomplish more with smaller workforces. The outcome? Companies are becoming "more productive, more efficient," and increasingly capable of driving "more revenue and profit" with leaner operations than ever before.
Market Response and Technical Strength
Opendoor (OPEN) shares climbed 0.94% on Monday, finishing at $6.42, and added another 0.47% in overnight trading. The stock demonstrates strong momentum characteristics with a favorable long-term price trend, according to market analytics. For investors watching the AI transformation story play out in real time, Opendoor's rapid expansion offers a concrete example of how the technology is reshaping business operations and competitive dynamics across industries.