Proptech players are rushing to form tech partnerships with chatbot makers, licensing deals that give them access to a generic LLM (large language model) and the fundamentals on training the bots for domain-specific tasks.
RealPage, the revenue management platform, has licensing agreements with Microsoft, Google and other LLM makers to use their Gen AI technology, which the company is training for a variety of use cases that focus on speeding the leasing process.
Evan Davies, RealPage's chief technology officer, told GlobeSt. the LLM deals are similar to API licenses: RealPage can use the technology to make proprietary chatbots.
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