Dutch startup uses AI to quickly and more accurately value property
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Spotted: Dutch startup GeoPhy uses artificial intelligence (AI) to quickly and more objectively value property. Algorithms calculate values based on thousands of bits of information. The data comes from public and private sources, including satellite imagery, millions of property records -- looking at sales history and also links between prices and things like demographics. The platform assesses more unusual information such as the number of independent coffee shops nearby, as well as crime rates and green spaces. It can even consider reviews for local businesses in the neighbourhood. The business is currently focussed on commercial property, but plans to expand to…
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