Officially announcing the launch of Henry AI (YC S24), the first GenAI assistant for commercial real estate brokers. Our first product builds custom deal decks in seconds, but that's just the beginning.
You can read more about it below https://lnkd.in/eC3qcfzG
Thank you to the countless people who have helped me get Henry off the ground and sprinting over the last 45 days, especially the founding team Adam, Sourav, and Kevin.
O, and I forgot to mention, we're moving to SF next week to participate in Y Combinator! Now let's get to work and have some fun. #WeLoveBrokers
It's been only 1.6 years since ChatGPT 3.5 was released and it took little time for domain-specific AI startups to proliferate. They solve real life work flows and save professionals valuable time.
It's happening everywhere - finance, law, medicine and now commercial real estate.
Startups that will succeed will have direct knowledge of their industry's workflows and/or the persistence to speak with hundreds or thousands of customers.
Determination in prompt engineering will be important (think hundreds, even thousands of prompts) as well as building their product to use any AI-model, especially open source, which ensures data privacy.
I'm betting on 2nd time founders who have successfully built companies in the past.
Henry AI (YC S24) from Sammy Greenwall and Adam Pratt comes to mind in the latest YC batch. They're building a tool for commercial real estate professionals that uses AI to construct deal decks and financial models, two very time consuming tasks.
And there's a data angle to their business which can't be underestimated because mature data businesses typically earn 35-40% margins and are extremely difficult to recreate, i.e., significant competitive moat.
Helping commercial real estate brokers make more money
Officially announcing the launch of Henry AI (YC S24), the first GenAI assistant for commercial real estate brokers. Our first product builds custom deal decks in seconds, but that's just the beginning.
You can read more about it below https://lnkd.in/eC3qcfzG
Thank you to the countless people who have helped me get Henry off the ground and sprinting over the last 45 days, especially the founding team Adam, Sourav, and Kevin.
O, and I forgot to mention, we're moving to SF next week to participate in Y Combinator! Now let's get to work and have some fun. #WeLoveBrokers
Despite advancements in AI, Marcus & Millichap believes it will never replace real estate brokers.
The commercial real estate industry has been slow to adapt to new technology, but CRE brokerage Marcus & Millichap has been an early investor in major PropTech companies such as Apartments.com (then Spring Street) and LoopNet. When I joined the brokerage as a financial analyst, I was impressed by the range of technological tools available to agents.
Marcus & Millichap continues to integrate new AI tools, such as their partnership with Archer, a tool for making deal sourcing and underwriting more efficient.
However, CEO Hessam Nadji believes that no matter how advanced AI gets, it will never replace the street knowledge and relationship management skills of the broker. AI will remain a set of tools to empower agents in dealmaking.
The case for analysts however... is a different story.
This article was an insightful read, and I'm sure many have pondered the future need for human contact in real estate dealmaking like I have.
#aiproptech#proptech#cre#realestateinvesting#realestatebrokerage
Another “Generative AI meets Commercial Real Estate” Innovation I’m excited about:
Our new Gen AI enabled Early Warning System, is a powerful prop tech tool that will screen & send our clients real-time alerts regarding the impact of negative commercial real estate news stories on the health of their loan portfolios.
Getting automatically alerted to possible challenges in your portfolio- well before they show up in financial performance is a significant competitive advantage.
This will help lenders and asset managers to more proactively work with borrowers towards mutually beneficial outcomes & help mitigate losses.
Another launch enabled through our GenAI partnership with Microsoft.
#genai#commercialrealestate#lending#riskhttps://lnkd.in/ebnAZWkt
Clear and concise insights on building suitable LLMs, from Swiss Re's Group Chief Digital and Technology Officer, Pravina Ladva during her on stage conversation at Insurtech Insights Europe, 2024 in London last month.
#insurance#ai#llms
"We have a very strong data and analytical team, and instead of them building LLM models in a cupboard, what we've actually got [them doing] is them sitting with underwriters and actuaries and co-building these models."
Pravina Ladva, Group Chief Digital and Technology Officer at Swiss Re, on stage at Insurtech Insights Europe, 2024, explains the collaborative approach the group has adopted in building LLMs that better serve the insurance industry.
#insurtechinsights#insurancenews#ai#swissre#digitaltransformation
"We have a very strong data and analytical team, and instead of them building LLM models in a cupboard, what we've actually got [them doing] is them sitting with underwriters and actuaries and co-building these models."
Pravina Ladva, Group Chief Digital and Technology Officer at Swiss Re, on stage at Insurtech Insights Europe, 2024, explains the collaborative approach the group has adopted in building LLMs that better serve the insurance industry.
#insurtechinsights#insurancenews#ai#swissre#digitaltransformation
As we work with more customers to build their GenAi practice on GCP, we're seeing two industries emerge out of the pack: Healthcare (esp. hospital systems and care facilities) and FinServ (esp. consumer-facing/retail institutions). Love the recap from Qarik Group here on what use cases we're seeing within FinServ specifically. Interested in learning more? Give me a shout - adegramont@qarik.com
GenAI is picking up steam across enterprise Financial Services in 2024.
🗣 Let’s talk about how to automate and accelerate your organization’s operationally intensive process with Qarik’s GenAI accelerator.
Opportunities we’re seeing today:
⭐ Lease and mortgage contract search
⭐ Regulatory code changes
⭐ Document verification for applications
⭐ Personalized financial recommendations
⭐ Consumer insight sentiment tracking
Sound familiar? Download our one-pager to learn more: https://lnkd.in/eGFYKKBF#GenerativeAI#FinancialServices#QarikGoFurtherFaster
GenAI is picking up steam across enterprise Financial Services in 2024.
🗣 Let’s talk about how to automate and accelerate your organization’s operationally intensive process with Qarik’s GenAI accelerator.
Opportunities we’re seeing today:
⭐ Lease and mortgage contract search
⭐ Regulatory code changes
⭐ Document verification for applications
⭐ Personalized financial recommendations
⭐ Consumer insight sentiment tracking
Sound familiar? Download our one-pager to learn more: https://lnkd.in/eGFYKKBF#GenerativeAI#FinancialServices#QarikGoFurtherFaster
Time flies.
After three years, Ensemblex just wrapped up a large subprime auto lender’s transition to AI-based underwriting. This client’s effective and smooth transition to AI shows the benefits of proactively investing in expert help. In the first year, we replaced three separate logistic regression scorecards with a single AI model.
Over two years in production, the model showed stable performance gains over the previous models and experienced no technical issues in production. Effective monitoring protected the model—we flagged multiple data integrity issues originating with data providers before they compromised the model.
The best part? Ensemblex partnered closely with the client’s internal data science team throughout the engagement, so as we depart, we’re turning over the models to a capable team, and the client can continue building on their success.
#AIUnderwriting#FintechInnovation#Ensemblex
CEO/Creator of Pinnacle. Currently partnering with over 500+ clients in the automotive, finance and real estate sectors with lead generation and software solutions by leveraging social media and AI technology.
Founder & CEO of Gen Z VCs | Forbes 30 Under 30, 2023 & 2022 LinkedIn Top Voice | Gen Z Speaker & Creator (200K) | Oxford
4wlet’s go sammy!!!! can’t wait to follow along the journey :)