Quick Read: GPT4 for Real Estate

While the rest of the world is buzzing with the capabilities of ChatGPT, the AI world is focused on the introduction of the next iteration of the technology behind it, OpenAI's GPT4.

GPT3.5 is the technology behind ChatGPT. OpenAI has recently released GPT4, which, while it doesn't have a free, user-friendly web app like ChatGPT, will further push the capabilities of AI in real estate.

OpenAI sums up the advantages of GPT4 over GPT3.5 as solving problems with greater accuracy, thanks to its broader general knowledge and problem-solving abilities.

As such, GPT-4 surpasses ChatGPT in advanced reasoning capabilities, outperforms ChatGPT by scoring in higher approximate percentiles among test-takers, is less likely to respond to requests for disallowed content, and is more likely to produce factual responses than GPT-3.5

So what does GPT4 mean for real estate?

It's safe to assume that AI tools using GPT4 will continue progressing in conversational ability. More excitingly, Real Estate tools that combine proprietary real estate and location-specific datasets with GPT4 will be able to leverage GPT4's conversational capabilities to understand residents and onsite teams even more accurately.

This combination of GPT4 with real estate AI allows these tools (like Travtus’ AI Community Manager, Adam) - not just to provide written responses to human requests and questions - but also to listen, respond and act with even greater accuracy.