There's a group of real estate, home service, and financial service companies that have formed an alliance to aid in the popularization of artificial intelligence in the real estate market.
Austin, Texas-based OJO Labs announced that it raised $20.5 million in Series B funding, which it plans to use to “supercharge” the development of its AI products.
OJO Labs first offering is “OJO,” an AI-based assistant that is currently being used in the real estate industry. According to the company, OJO “can understand a user’s intent and preferences to answer almost any real estate related question.”
The program interacts with consumers on behalf of real estate agents and brokerages and is available around the clock to help consumers with questions, home search needs, mortgage information and other resources related to buying or selling a home.
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