For most companies in general, and in CRE in particular, making cutting edge use of artificial intelligence is still a distance off.

But Blackstone seems deep in, according to an interview that John Stecher, chief technology officer, gave to PE Hub. From what he said, and what he didn't, there's a lot to learn.

For example, he noted that what the company is using goes far beyond generative AI like ChatGPT. With the current hype, it's easy to forget that the early days of artificial intelligence go back to the 1950s. There are many variations of the technology, including older approaches like rule-based and expert systems but also deep-learning systems that can keep improving their performance as they get more data to incorporate.

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