Real Estate AI Applications

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Today’s newsletter:

• AI in Real Estate Application: Revolutionizing the Way We Find Homes

• OpenAI considers raising prices to $2000/ month

• OpenAI considers raising prices to $2000/ month

AI in Real Estate Application: Revolutionizing the Way We Find Homes

Zillow is enhancing its AI search feature, allowing users to search for homes based on distance from specific points of interest, such as their office, home, or school. For example, queries like ‘Homes 30 min drive from Millennium Park’. Zillow has also added the ability to search for homes based on affordability. This makes home search easier rather than filtering for locations, bedrooms, washrooms, etc. The old method gave unnecessary results like homes 3 hrs away from your work. Who would want to spend hours in traffic each day.

Why it matters?

Zillow is bringing natural language search to an industry that traditionally is slow to innovate. This is a prime example of how AI will slowly impact every industry. What Zillow is building here is a natural language search, which could be applied to any database search. For example, one could build a natural language search for the used car market. The challenge is to extract the data.

Top News: OpenAI considers raising prices to $2000/ month

A report stated OpenAI is considering to raise prices for $2000/ month for it’s upcoming advanced models. These models are probably the Orion and the strawberry. OpenAI also announced that they have a million paid business users thus these models are probably for its business clients.

It’s noteworthy that another successful consumer AI startup is looking to increase their revenue. Perplexity’s CEO was asking his followers for some suggestions, but he didn’t get anything good.

Why it matters:

OpenAI is looking to raise capital from Apple, Nvidia, Thrive and Microsoft. This would be one of their last raises before going public. Hence, these reports of 1 million business customers and $2000/month will help them with their raising effort.

Upcoming Trends to watch out for

• More subscriptions for services : As companies become more self-reliant more users will have to pay

• UK calls it a merger: The trend of acqui-hires isn’t fooling the UK and the labelled it has merger

• More Foundation models Companies: Ilya Sutskever’s SSI has announced 1 billion investment and Sakana AI raised 100 million dollars

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