Fundrise, an online investment platform, is launching RealAI, an AI platform for real estate professionals and investors. It provides market intelligence and property data. Fundrise’s CEO says it goes beyond other AI tools. RealAI is free for the first uses, then $69 monthly. The platform uses public records, private databases, and social media data.

Real estate industry is slow to modernize, but major players acknowledge that AI can be a game-changer. JLL has AI platforms for property analysis, but only available to employees and clients. Barry Sternlicht believes AI will revolutionize the world faster than the industrial revolution. Fundrise aims to democratize investing and has $3 billion in assets under management.

Fundrise’s CEO, Ben Miller, wants to democratize investing by using technology to offer low minimum investments. The platform includes investments in private companies like OpenAI and Databricks. Miller aims to disrupt the status quo and make technology accessible to everyone. AI will lead to job losses, but Miller hopes to make it available to all, not just big institutions.

Read more at CNBC

– The Federal Reserve announces plans to gradually raise interest rates starting in March to combat inflation.
– In response to rising inflation, the Fed plans to raise rates by 0.25% at each of its upcoming meetings.
– The central bank aims to bring inflation down to a more manageable level while keeping the economy on track for growth.: New AI tool from Fundrise brings high-level CRE analysis to the public