
Sectors
Engineering
Launched
01/01/2004
Website
Description
Farecast used a combination of techniques to find patterns in the variation of airline ticket prices over time to predict future price movements. The method may also apply to hotel rooms, rental cars and other analogous markets. It was by acquired by Microsoft in April 2008 for $115 million, and went out of service in April 2014.
Team Members
Oren Etzioni
Founder, former professor of computer science at University of Washington, now CEO of Allen Institute for Artificial Intelligence