This Startup is Bringing AI to the Real Estate World

Sponsored by Dwellingly.ai

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Dwellingly.ai Reimagines Real Estate with AI

Austin-based PropTech startup Dwellingly.ai is set to disrupt the real estate market with its innovative AI-powered platform. Founded in 2024, Dwellingly.ai aims to simplify home buying and eliminate transaction fees, particularly benefiting military personnel and veterans.

Key Features:

  • AI-guided home buying process

  • Zero-fee platform for buyers and sellers

  • Lead generation model for industry vendors

Currently in MVP stage, Dwellingly.ai plans a beta launch in October 2024, targeting Williamson County & Austin, Texas. With strategic partnerships in development, including potential collaborations with Matterport and Realtor.com, Dwellingly.ai is positioning itself for rapid growth.

Led by a trio of experienced professionals, Dwellingly.ai envisions becoming a dominant player in the PropTech space within four years, expanding across major U.S. markets.

As Dwellingly.ai prepares for its beta launch, it stands as a promising glimpse into the future of AI-driven, community-centered real estate transactions.Check out the startup at their website here.

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The U.S. Commerce Department has introduced a new rule that could facilitate the shipment of advanced AI chips to data centers in the Middle East. Under this program, data centers can apply for Validated End User status, allowing them to receive chips under a general authorization rather than requiring individual licenses for each shipment. This move aims to balance the promotion of international AI development with national security concerns, particularly regarding potential technology diversion to China. The rule includes rigorous vetting processes, reporting requirements, and potential on-site reviews to ensure the safe and secure use of the technology. While this could ease restrictions for companies like Nvidia, it also reflects ongoing efforts to manage the complex landscape of AI chip exports in sensitive regions.

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Our 30-Second Summary:

Cerebras Systems, an AI chip startup, has filed for an initial public offering (IPO) on the Nasdaq under the ticker symbol "CBRS," aiming to compete with industry leader Nvidia. The company reported a net loss of $66.6 million on $136.4 million in sales for the first half of 2024, a significant improvement from the previous year. Cerebras claims its WSE-3 chip surpasses Nvidia's H100 in cores and memory and also offers cloud-based services. Group 42, a UAE-based AI firm, accounted for 83% of its revenue last year. Major investors include Foundation Capital and OpenAI CEO Sam Altman, with Citigroup and Barclays leading the offering. This IPO comes amid a sparse tech market in 2024, indicating renewed interest in AI-focused companies.

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Image Credits: Ana Ramirez/The San Diego Union-Tribune

Our 30-Second Summary:

Governor Gavin Newsom has vetoed SB 1047, a controversial AI safety bill in California that would have imposed new requirements on developers of advanced AI models. The bill, introduced by Senator Scott Wiener, aimed to establish safety protocols and accountability measures for AI developers to prevent potential catastrophes. Newsom cited concerns that the bill focused only on large-scale models and could give a false sense of security, potentially overlooking risks from smaller, specialized AI systems. The legislation had divided Silicon Valley, with support from some prominent figures like Elon Musk and opposition from major tech companies like Meta and OpenAI. Newsom announced plans to work with AI experts to develop more flexible protections, promising continued collaboration with the Legislature on AI regulation in the future. The veto highlights the ongoing challenges in balancing innovation with safety concerns in the rapidly evolving field of artificial intelligence.

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