Artificial intelligence has the potential to provide "tremendous value for real estate as financial services organizations undergo business transformation," says a JLL report called Financial Services: 5 trends to expect in 2024.
"AI and generative AI were ranked among the top 3 technologies expected to have the greatest impact on real estate over the next three years by investors, developers and corporate occupiers," they wrote, adding that 2022's funding of AI-enabled proptech was $4 billion, or almost double that in 2021.
This could be misleading in two different ways. Last year brough heightened attention, and funding, to artificial intelligence in the form of generative AI and companies like OpenAI. The historical 2023 and coming 2024 levels of funding are probably much higher than in 2020
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