Real estate brokers across the country are using ChatGPT to pen emails and write property listings. The AI chatbot ChatGPT has made waves in sectors from tech to media since it launched to the public two months ago. As the AI software grows in popularity, people are finding more and more creative ways to put the tech to use — including making it write flowery descriptions for real estate listings. As the technology emerges as a tool for realtors, some experts say AI is well on its way to becoming an industry standard. Use of AI has spread far and wide among realtors. Miami broker Andres Asion has even used the tech to rewrite emails, emphasizing legal liabilities and implications.

In this episode of The Higher Standard, Chris and Saied examine the explosion of AI and its use by business - not to mention its darker uses, such as creating fake social media accounts.

They discuss the news that major U.S. stock indexes closed over 1% higher as labor cost data encouraged investors about the Federal Reserve's aggressive approach to taming inflation a day ahead of the central bank's critical policy decision.

Chris and Saied look at a report stating that Blackstone, one of the country's biggest landlords, is ramping up evictions to help its struggling real estate investment trust.

They also offer some thoughts on news from payroll processing firm ADP, which is reporting that job creation in the private sector plunged in January as weather-related issues kept workers home. Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 the month before.

Join Chris and Saied for this fascinating and informative conversation.

Enjoy!

What You’ll Learn in this Show:

• The biggest winners and losers from the Fed's latest interest rate hike.
• How long it takes for recessionary effects (aka lagging indicators) to show up.
• Why (and how) people are using AI to create fake social media accounts.
• Mark Zuckerberg's record $12.5 billion day.
• And so much more...

Resources:

"More Americans are falling behind on car payments than during the 2008 financial crisis" (Bloomberg via Instagram)

"California DMV is now on the blockchain. Why that’s a bigger deal than you think" (article from Fortune)

St. Louis Fed Economic Data

"Biggest winners and losers from the Fed’s interest rate hike" (article from Yahoo! Finance)

"Wall St gains over 1% after encouraging inflation data with Fed next" (article from Yahoo! Finance)

"S&P 500 advances more than 1% to its best level in five months as Meta leads tech-fueled rally" (article from CNBC)

"US Job Openings Surge Past 11 Million as Fed Zeros In on Labor" (article from Bloomberg)

"Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says" (article from CNBC)

"That real estate listing you just saw for your dream house may have been written by ChatGPT" (article from Business Insider)

"Blackstone ramps up tenant evictions" (TheRealDeal via Instagram)

"Zuckerberg Gains Record $12.5 Billion in a Day as Meta Rebounds" (article from Bloomberg)