Real Estate


Machine Learning Helps CUs Book Small Business Loans More Profitably

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Portland, Ore.-based Mirador's lending platform uses machine learning and predictive analytics to help some credit unions level the playing field against larger institutions in originating financial assistance to small businesses. Mirador, which covers a range of commercial loans including term, lines of credit, commercial real estate, SBA s, and collateral backed, said it helps credit unions with acquisition, efficiency and profitably; and small businesses to find willing lenders and better rates.


Robotic interiors

MIT News

Imagine living in a cramped studio apartment in a large city -- but being able to summon your bed or closet through a mobile app, call forth your desk using voice command, or have everything retract at the push of a button. MIT Media Lab spinout Ori aims to make that type of robotic living a realit...


How The Evolution Of AI Is Reshaping The Real Estate Ecosystem

International Business Times

We usually hear about artificial intelligence (AI) being used to improve self-driving cars, but AI and Machine Learning (ML) are well on their way to transforming the investment management industry. We have already seen it impact retail investing, highlighted with the rise of robo advisors looking to displace expensive financial advisors. Firms like Wealthfront and Betterment pioneered the wide adoption of AI as a means to build retail investor portfolios, and more recently, Schwab launched its own version to bring robo investing into the mainstream. The benefits of AI aren't limited to just stocks and bonds -- we are increasingly finding these same tools and strategies being used in the alternative investment world, often with even greater impact. Forward-thinking fund managers are transforming the way they evaluate real estate, in particular.


SoftBank Tech Fund Leads $865 Million Investment in Construction Startup

WSJ.com: WSJD - Technology

Founded by the former chief executive of electronics manufacturer Flextronics, Katerra handles everything from design to construction to manufacturing of glued wood beams, while building prefabricated walls and fixtures in indoor factories. The Menlo Park, Calif., startup calls itself a "technology company," emphasizing software aimed at making the process more efficient. A main innovation appears to be a business model that puts architects and construction workers on the same payroll. The deal, which values Katerra above $3 billion, marks the latest investment by the Vision Fund in ground rarely tread upon by tech investors. The fund, anchored by a $45 billion commitment from Saudi Arabia, was initially described by SoftBank as a vehicle to invest in technologies of the future such as robotics and artificial intelligence.


Google Sells A.I. for Building A.I. (Novices Welcome)

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Google has been using artificial intelligence to build other artificially intelligent systems for the last several months. Now the company plans to sell this kind of "automated machine learning" technology to other businesses across the globe. On Wednesday, Google introduced a cloud-computing service that it bills as a way to build a so-called computer vision system that suits your particular needs -- even if you have little or no experience with the concepts that drive it. If you are a radiologist, for example, you can use CT scans to automatically train a computer algorithm that identifies signs of lung cancer. If you run a real estate website, you can build an algorithm that distinguishes between living rooms and kitchens, bathrooms and bedrooms.


AI Unicorn SenseTime to Build Innovation Center in Shenzhen

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Alibaba Holdings Ltd.-backed artificial intelligence start-up SenseTime Co. will build an innovation center in Shenzhen in southern Guangdong province after coming to an agreement with a real estate developer in the city. The firm, also headquartered in the city, will cooperate with China Merchants Shekou Industrial Zone Holdings Co. on construction and use the center to develop innovations related to AI, Internet of Things and Big Data, the company said in a press briefing yesterday. China Merchants Shekou will provide resources including services, equipment, technology and personnel, while SenseTime will create an AI platform for enterprises located in China Merchants Shekou industrial parks. The two parties will also work together on promoting practical applications of AI technology in the healthcare sector among others. Founded in 2014, Sensetime specializes in AI technology research and development related to facial recognition, driving automation and medical imaging products.


Top Real Estate Tech Trends to Watch in 2018

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The real estate industry has changed a lot over the last decade, and new technologies are having a surprising amount of an impact on the way that real estate agents do their jobs. At the same time, comparison sites and other newcomers to the industry are giving consumers more choice when it comes to buying and selling property. All of this means that the industry as a whole is coming to terms with what maturity looks like, while iterative development and brand new technologies are changing the way that real estate agents work on almost a daily basis. And now that we're getting stuck into another new year, it seems as good a time as any to take a look at what's in store. With that in mind, here are just a few of the trends that are set to disrupt the real estate industry in 2018 and beyond.


Google Sells A.I. for Building A.I. (Novices Welcome)

#artificialintelligence

Google has been using artificial intelligence to build other artificially intelligent systems for the last several months. Now the company plans to sell this kind of "automated machine learning" technology to other businesses across the globe. On Wednesday, Google introduced a cloud-computing service that it bills as a way to build a so-called computer vision system that suits your particular needs -- even if you have little or no experience with the concepts that drive it. If you are a radiologist, for example, you can use CT scans to automatically train a computer algorithm that identifies signs of lung cancer. If you run a real estate website, you can build an algorithm that distinguishes between living rooms and kitchens, bathrooms and bedrooms.


Google Sells A.I. for Building A.I. (Novices Welcome)

#artificialintelligence

Google has been using artificial intelligence to build other artificially intelligent systems for theast several months. Now the company plans to sell this kind of "automated machine learning" technology to other businesses across the globe. On Wednesday, Google introduced a cloud-computing service that it bills as a way to build a so-called computer vision system that suits your particular needs -- even if you have little or no experience with the concepts that drive it. If you are a radiologist, for example, you can use CT scans to automatically train a computer algorithm that identifies signs of lung cancer. If you run a real estate website, you can build an algorithm that distinguishes between living rooms and kitchens, bathrooms and bedrooms.


6 Ways Artificial Intelligence is Transforming Real Estate Investing

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