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How Artificial Intelligence is Transforming the Real Estate Space

#artificialintelligence

Reliance on multiple data points, from historic prices and trends to property ownership data, is nothing new. However, the data that we use to make our housing choices have become increasingly sophisticated. Quantarium's valuation models provide property valuations through a self-learning AI engine. Quantarium's advances in Computer Vision (CV) technology is allowing AVM to transcend historical constraints; understanding their journey and the impact of AI is critical to the future of real estate. Quantarium is a leading producer and purveyor of value-added data in residential real estate. Their data and analytics scientists and experts illustrated great innovation in their approach to building the industry's leading RE data lake, so it is a team-wide validation to receive this distinction.


Technology Ethics in Action: Critical and Interdisciplinary Perspectives

arXiv.org Artificial Intelligence

This special issue interrogates the meaning and impacts of "tech ethics": the embedding of ethics into digital technology research, development, use, and governance. In response to concerns about the social harms associated with digital technologies, many individuals and institutions have articulated the need for a greater emphasis on ethics in digital technology. Yet as more groups embrace the concept of ethics, critical discourses have emerged questioning whose ethics are being centered, whether "ethics" is the appropriate frame for improving technology, and what it means to develop "ethical" technology in practice. This interdisciplinary issue takes up these questions, interrogating the relationships among ethics, technology, and society in action. This special issue engages with the normative and contested notions of ethics itself, how ethics has been integrated with technology across domains, and potential paths forward to support more just and egalitarian technology. Rather than starting from philosophical theories, the authors in this issue orient their articles around the real-world discourses and impacts of tech ethics--i.e., tech ethics in action.


Baker touts housing, job training, transit in 'Future of Work' report

Boston Herald

Investments in housing, transit and job training emerged as top priorities for the Bay State as it recovers from the pandemic, according to a future of work report released by the Baker Administration. "The changing ways of working may shift what we think of as the'center of gravity' here in Massachusetts away from the urban core and toward the rest of the state," Baker said at a Tuesday morning press conference at the Tufts Launchpad location for BioLabs in Boston, a recipient of a Baker administration Workforce Training Fund Program grant. The report estimates that Massachusetts will need to produce 125,000 to 200,000 housing units by 2030, a $1 billion investment, with a focus on aiding homeownership among communities of color. Baker also announced $240 million in funding for workforce training programs. The report says up to 400,000 people may need to change occupations over the next decade to keep up with workplace trends.


The Role of Social Movements, Coalitions, and Workers in Resisting Harmful Artificial Intelligence and Contributing to the Development of Responsible AI

arXiv.org Artificial Intelligence

There is mounting public concern over the influence that AI based systems has in our society. Coalitions in all sectors are acting worldwide to resist hamful applications of AI. From indigenous people addressing the lack of reliable data, to smart city stakeholders, to students protesting the academic relationships with sex trafficker and MIT donor Jeffery Epstein, the questionable ethics and values of those heavily investing in and profiting from AI are under global scrutiny. There are biased, wrongful, and disturbing assumptions embedded in AI algorithms that could get locked in without intervention. Our best human judgment is needed to contain AI's harmful impact. Perhaps one of the greatest contributions of AI will be to make us ultimately understand how important human wisdom truly is in life on earth.


Boston residents rally against rent hike on subsidized units

Boston Herald

Residents of an affordable housing development that straddles the line between neighborhoods with some of the city's highest and lowest rents are sounding the alarm, saying the property management company is "retaliating" against residents organizing to block a proposed rent hike. "They have threatened us because we have been speaking up against their illegal actions and mistreatment," said Jada Holmes, a resident of Grant Manor, which is situated on Washington Street where Roxbury meets the South End. City Council President Kim Janey picked up the bullhorn in support of Grant Manor residents who rallied outside the 179-apartment building on Saturday afternoon, saying that for her, this issue is personal. "My family was gentrified out of the South End," said Janey, who represents the neighborhood. "Roxbury has seen some of the highest increases in rents in the city."


Global Big Data Conference

#artificialintelligence

It is a truth universally acknowledged that artificial intelligence will change everything. In the next few decades, the world will become intelligible, and in many ways, intelligent. But insiders suggest that the world of big office real estate will get there more slowly - at least in the world's major cities. This is the period of the lease. After a tense renewal negotiation, and perhaps a big row, landlord and tenant are generally happy to leave each other alone until the next time.


The Impact of Artificial Intelligence on Workspaces

#artificialintelligence

It is a truth universally acknowledged that artificial intelligence will change everything. In the next few decades, the world will become intelligible, and in many ways, intelligent. But insiders suggest that the world of big office real estate will get there more slowly - at least in the world's major cities. This is the period of the lease. After a tense renewal negotiation, and perhaps a big row, landlord and tenant are generally happy to leave each other alone until the next time.


Winners And Losers Of Future Of Work

#artificialintelligence

ZipRecruiter, the Santa Monica based employment marketplace named One of the World's Most Innovative Companies in 2019 by Fast Company just released their much-anticipated Future of Work Report 2020. The Artificial Intelligence (AI) jobs gold rush is spreading to more states. This is good news for the future of work. Jobs that require AI, machine learning, robotics, and engineering skills will continue to dominate as AI-enabled systems replace manual labor. In this article, I will walk you through some of the highlights.


Artificial Intelligence Is Seeping into Home Buying Market

#artificialintelligence

Artificial intelligence (AI) is quietly infiltrating the real estate industry -- without looking like a futuristic takeover but rather a boon for buyers and sellers. Mortgage lenders, realtors, title companies, property appraisers and consumers use AI for a wide variety of purposes, including application automation, expediting processes, chatbots on real estate sites and automated valuations models, or AVMs, to name a few. "AI can benefit real estate industry participants in many ways. An example is the use of machine learning to link potential buyers with more relevant properties, creating an enhanced real estate transaction (more timely and focused)," says John D'Angelo, managing director at Deloitte Consulting LLP. "This can also make it easier for buyers and sellers to receive more personalized offerings based on their preferences. In addition, AI can reduce the transaction costs for buyers and sellers by shortening the transaction cycle."


Artificial intelligence in the real estate industry

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While it was once considered an advanced technology of the future, artificial intelligence is very much a present-day reality. Thanks to inventions like self-driving cars, home assistant devices, automatic vacuum cleaners and remote home security solutions, Artificial Intelligence is on everyone's lips. Since AI seems to affect both the public and private sector, we started thinking about all the different ways in which it'll shake up the real estate world. Read on to find out more about the current and future impact of AI in property sales, marketing and operations. Artificial Intelligence, or AI for short, refers to smart technological tools whose level of awareness allows them to learn from their environment in order to improve processes and decision-making.