Property 3.0 | Season 2 | AI & the Future of the Property Industry

In this week's episode, we look at 3 innovative companies who are using existing technology and data such as satellite imagery, CCTV and even just Whatsapp to quickly build new products and help the industry solve problems.

These are all businesses I met at UKREiiF 2024 and have not yet had the chance to try them but thought their approaches were worth sharing.

Disclaimer: this content is for informational and educational purposes only. It does not constitute financial, investment, legal or IT advice.

Matterport has visual data of 38 billion square feet of real estate across all asset classes across the globe. In this episode we dive into the potential that could be unleashed with this data when combined with Costar's value insight.

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Disclaimer: This content is for informational and educational purposes only. It does not constitute financial, investment, legal or IT advice.

In this episode we’re discussing the idea of not just doing things better, not just doing things faster but actually expanding what we are capable of doing with AI.

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Key AI news stories from Q1 2024 to keep you literate with the most important goings on. They are not specific real estate stories but, as ever, where there are relevancies to real estate these are mentioned.

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Please note this podcast is for information and entertainment and does not constitute investment, design or real estate advice.

Key news stories from the first 8/9 weeks of 2024 to get on your radar.

Referenced news releases:

https://www.forbes.com/sites/claraludmir/2024/02/06/a-first-look-into-brands-shopping-experiences-on-apples-vision-pro/?sh=45cd9df2a8c3

https://investors.zillowgroup.com/investors/news-and-events/news/news-details/2024/Experience-the-future-of-home-tours-with-Zillow-Immerse-on-Apple-Vision-Pro/default.aspx

https://blog.google/around-the-globe/google-europe/united-kingdom/google-1-billion-investment-in-a-new-uk-data-centre/

https://www.nature.com/articles/s41467-024-45397-7

https://www.monumental.co/posts/announcing-our-25-million-fundraise

LLMs can generate life-like images and deep fakes, indiscernable from the real thing. Why, therefore, can it not generate useful floor plans?

In this episode, we explore the difference between the AI powering many of the real estate AI tools and the AI powering LLMs.

Why are they different? And how actually do LLMs help the more traditional AI tools?

If you would like to continuing enhancing your knowledge on AI and how it can help improve your work in the real estate arena, we are launching a fortnightly briefing note to help our forward-looking real estate investor, developer and advisor friends learn about AI and how to harness it to operate more efficiently and effectively. Head to https://www.ai-re.co/joinus to join us!

Please note this podcast is for information and entertainment and does not constitute investment, design or real estate advice.

Will AI reduce an investor’s competitive edge?

This is one of the questions I have been fearfully asked a few times recently. Normally when people see the potential to use generative AI to design logical building layouts.

If everyone uses it, does everyone design the same the thing? Does everyone then bid the same price?

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Please note this podcast is for information and entertainment and does not constitute investment or real estate advice.

A restaurant’s kitchen is effectively an on-site production unit, right? Could other retail spaces have on-site production in the future? And how would developers and investors have to change the way we design and shape our retail spaces to accomodate this?

Vivo Barefoot are looking to do this with the launch of their AI-enabled on-site custom scan-to-print concept: Vivo Biome. They’re compostable to boot! If this becomes a reality, and spreads to other products, it could profoundly change the way our retail units are designed (again ). More on-site production units, more ultra urban warehouses required.

Bespoke production could become the (affordable) norm. More Savile Row, less “stack em high, sell em cheap”.

It’s not a panacea: 3D printing does not work well for many materials; what if you want to return it?; it’s unlikely to produce the variety we’ve become used to with traditional models; unlikely to be cheaper than mass-production for a long time and so on.

However, it’s a step forward (ehem) in the right direction. Many organisations are working on similar things. However, as Vivo are a mostly vertically integrated company (more like Apple than Dell), I think they have the level of control which makes it more likely to happen.

Resources: https://www.theguardian.com/lifeandstyle/2009/jul/13/vivo-barefoot-ethical-trainers

https://www.vivobarefoot.com/uk/vivobiome

https://balena.science/products/vivobiome

Thank you for listening! If you would like to continuing enhancing your knowledge on AI and how it can help improve your work in the real estate arena, we are launching a service for our forward-looking real estate investor, developer and advisor friends.

If you, like us, work in the real estate industry and believe that we have the potential to use AI to operate more efficiently and effectively but you might not hours every week to spend reading, researching, doing courses, learning to code and so on, so we are condensing that information for you and will be launching later in Q1 2024.

Head to https://ai-re.co/joinus/ to register your interest.

Please note this episode is purely for education and information and does not constitute investment, buying, financial or legal advice.

Looking to success in other industries is one of the most exciting ways to see potential options for using AI in real estate.

In this episode we look at AI in biodiversity and new material development and consider how we could use similar tech to make advances in our built environment.

Thank you for listening! If you would like to continuing enhancing your knowledge on AI and how it can help improve your work in the real estate arena, we are launching a service for our forward-looking real estate investor, developer and advisor friends.

If you, like us, work in the real estate industry and believe that we have the potential to use AI to operate more efficiently and effectively but you might not hours every week to spend reading, researching, doing courses, learning to code and so on, so we are condensing that information for you and will be launching later in January.

Head to https://ai-re.co/joinus/ to register your interest.

Please note this episode is purely for education and information and does not constitute investment, buying, financial or legal advice.

A quick primer on how you can use Microsoft Copilot today to save you time in your real estate work.

Microsoft Copilot was launched this week (16/01/2024) for small businesses and individuals.

In this episode we share our two favourite use-cases so far whilst recognising that many more will come to light as we adopt this technology more!

Thank you for listening! If you would like to continuing enhancing your knowledge on AI and how it can help improve your work in the real estate arena, we are launching a service for our forward-looking real estate investor, developer and advisor friends.

If you, like us, work in the real estate industry and believe that we have the potential to use AI to operate more efficiently and effectively but you might not hours every week to spend reading, researching, doing courses, learning to code and so on, so we are condensing that information for you and will be launching later in January.

Head to https://ai-re.co/joinus/ to register your interest.

Please note I have no affiliation with Microsoft other than being a long time user and now adopter of Copilot Pro. This episode is purely for education and information and does not constitute investment, buying, financial or legal advice.