A new technology-driven real estate firm is launching in Denver this month with plans to crack the traditional real estate brokerage industry’s thick walls in a way no other startup has ever managed. REX Real Estate Exchange, based in Woodland Hills, Calif., will roll out the large siege engines of artificial intelligence, big-data analytics, targeted social media marketing and even robots in its push to lower commissions on home sales to 2 percent from the current rate of 5 to 6 percent. REX plans to break through the brokerage industry’s defenses by recruiting the people most likely to sell or buy a home before they ever reach an agent. Effectively, it seeks to create its own marketplace. “We can predict who will be the buyer for your home. We are not relying on the multiple listing service (MLS) to find us a buyer,” said REX founder Jack Ryan, who in an earlier career helped automate stock trading at Goldman Sachs. Many firms over the years have offered … [Read more...] about Can artificial intelligence outflank human real estate brokers? REX, a tech-powered firm, thinks so.
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The search to improve and eventually perfect artificial intelligence is driving the research labs of some of the most advanced and best-known American corporations. They are investing billions of dollars and many of their best scientific minds in pursuit of that goal. All that money and manpower has begun to pay off.In the past few years, artificial intelligence -- or A.I. -- has taken a big leap -- making important strides in areas like medicine and military technology. What was once in the realm of science fiction has become day-to-day reality. You'll find A.I. routinely in your smart phone, in your car, in your household appliances and it is on the verge of changing everything. It was, for decades, primitive technology. But it now has abilities we never expected. It can learn through experience -- much the way humans do -- and it won't be long before machines, like their human creators, begin thinking for themselves, creatively. Independently with judgment -- sometimes … [Read more...] about Artificial intelligence positioned to be a game-changer
Tech companies big and small are trying to figure out how to use artificial intelligence (AI) to improve their products and services, and drive new revenue growth. That's led a lot of companies to talk about AI, but not all of them are benefiting from it equally.That's why it's important to look at which companies are just paying lip service to AI, and which ones are using it to improve their top and bottom lines. Unsurprisingly, some of the biggest tech companies are the ones making the most gains, and that's why Facebook (NASDAQ: FB), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Amazon.com (NASDAQ: AMZN) are top AI stocks investors should consider buying now.Image source: Getty Images.FacebookWe all know Facebook as a social media powerhouse, but the company is also knee-deep into AI. The company has its own AI data centers, called Big Sur and Big Basin, and both are being used to keep up with the massive amount of content on the company's platform. Facebook now has 2 billion users, … [Read more...] about 3 Top Artificial Intelligence Stocks to Consider Now
For typical products going to market quickly and seeing what happens is fine. The implications of AI merit a much more considered approach. Matthew Baker Published 7:00 am, Friday, March 2, 2018 Photo: Wigglestick | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Wigglestick | Getty Images Why 'Fail Fast' Is a Disaster When It Comes to Artificial Intelligence 1 / 1 Back to Gallery “Fail fast” is a well-known phrase in the start-up scene. The spirit of failing fast is getting to market with a minimum viable product and then rapidly iterating toward success. Failing fast acknowledges that entrepreneurs are unlikely to design a successful end-state solution before testing it with real customers and real consequences. This is the “ready, fire, aim” approach. Or, if the blowback is … [Read more...] about Why ‘Fail Fast’ Is a Disaster When It Comes to Artificial Intelligence
Telegraph View 22 January 2018 • 9:30pm One of the great issues of the next 30 years will be the expansion of artificial intelligence (AI) and its impact on the way in which we live. Robots offer opportunities and anxieties – to free people from drudgery while at the same time taking their jobs. We stand on the threshold of a new industrial revolution, which has the potential to enrich mankind just as past upheavals have done. Governments must decide to what extent they encourage this or stand in its way. Above all, we need to know that they are taking this phenomenon seriously and planning for its ramifications. In Davos, the world’s political and business leaders will fret over whether the loss of millions of jobs could undermine social cohesion. The way states respond to governing and taxing technologies and borderless business will be high on the agenda. Theresa May is proposing to talk about the ethical dimension of AI – by... … [Read more...] about Britain must become a leader in the Artificial Intelligence industrial revolution