Sabre Shares Up 15% After AI Partnership With Google
October 22 2020 - 1:35PM
Dow Jones News
By Chris Wack
Sabre Corp. shares were up 15% to $7.64 Thursday after the
company said it and Google are developing an artificial
intelligence-driven technology platform for travel.
Sabre said the technology, known as Sabre Travel AI, will be
infused with Google's AI technology and advanced machine-learning
capabilities that will help customers to deliver relevant and
personalized content more quickly, delivers personalized content
that better meets the travelers' demands, and create expands
revenue and margin growth opportunities.
Sabre is integrating Sabre Travel AI into certain products in
its existing portfolio, with plans to bring those to market in
early 2021. Sabre Travel AI will use real-time shopping information
and travel-specific business insights.
Sabre said its strategic partners, such as Google, won't have
the right to access or use any of the company's or its customers'
data. How that data resides in Google Cloud is managed by the
company.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
October 22, 2020 13:20 ET (17:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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