In the Media

Prof. Carlo Ratti writes for Financial Times about how new AI algorithms can impact the property market. “To train a real estate bot, our lab at MIT used pictures of 20,000 houses around Boston, as well as data that measured how their prices changed over time,” write Ratti. “When other variables were added — such as structural information and neighbourhood amenities — our algorithm was able to make very accurate predictions of how prices would change over time.”