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Is AI changing urban real estate development forever?
Plus: Nvidia Faces $5 Billion Challenge with New U.S. Export Rules
Wesley McKnight
November 03, 2023
Happy Friday! Here is what we got for you today:
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Are you ready to see how technology is reshaping the real estate landscape? Meet Cedar, the proptech startup that's innovating the future of urban development through generative building design. This cutting-edge approach promises to streamline the housing project lifecycle, transforming how cities grow. Let's dive into how Cedar is setting a new urban blueprint!
Key Points:
Time & Cost Efficiency: Cedar aims to drastically reduce the time and costs of sourcing and evaluating new housing projects for real estate developers.
Demand vs. Supply: With a 6.5 million home shortage in the U.S. market, Cedar's software emerges as a timely solution to accelerate urban housing development.
Generative Design: Leveraging algorithms and public data, Cedar's platform can quickly generate multiple building designs, optimizing property potential and evaluation speed by 10x.
Financial Impact: The innovative platform could save months of work and significant costs, promising a brighter future for urban development.
Austin: A Case Study: Cedar has chosen Austin, Texas, as a proving ground for their technology, aiming to tackle the city's complex land development code and contribute to urban densification.
Funding for Growth: With a recent $3 million seed funding round, Cedar plans to expand its technological capabilities and reach more cities within the following year.
Nvidia, a leader in artificial intelligence (AI) technology, confronts a significant hurdle as U.S. export controls threaten to nullify $5 billion of chip orders from China. These restrictions limit China's ability to leverage advanced tech in military and cyber warfare advancements.
Key Points:
Immediate Impact: The U.S. government's abrupt implementation of export controls puts Nvidia's extensive chip orders for China in jeopardy.
Strategic Shifts: Nvidia must redirect its advanced AI chips to markets outside China and seek alternate supply solutions.
Long-Term Concerns: The U.S. chip industry faces potential permanent opportunity loss, as stated by Nvidia's CFO.
Industry Disruption: Chinese tech giants like Alibaba and ByteDance are at risk of losing access to critical AI resources.
Ripple Effect: The chip ban could decelerate China's AI progress, pushing Chinese companies towards domestic alternatives that might not match Nvidia's prowess.
This revolutionary tool is setting the stage for a new era in 3D model generation, offering a glimpse into a future where anyone can create complex designs with ease whether you're a graphic designer, a game developer, or an artist, Stable 3D promises to transform your creative workflow.
Innovative 3D Generation: Stability AI introduces Stable 3D, a trailblazing AI app to craft textured 3D models, perfect for popular platforms like Blender and Unity.
Accessible Creativity: Stable 3D is currently in private preview, aiming to democratize 3D model creation by allowing even non-experts to produce draft-quality models swiftly and affordably.
Natural Language Input: Describe your vision in words or upload an image, and Stable 3D will bring it to life in a versatile ".obj" format for further editing and refinement.
IP and Legal Concerns: Amidst the excitement, there are whispers of concern regarding the training data's origins and IP respect, especially given Stability AI's past IP disputes.
Growing Competition: Stable 3D enters a bustling market, jostling against giants like Autodesk and emerging platforms, all vying to revolutionize 3D asset creation.
Strategic Moves: Amid financial turbulence and high-stakes competition, Stability AI diversifies its portfolio, also enhancing its photo editing suite with new personalized features.
Quick Hits
AI is the future of business process automation, with 79% of IT leaders believing it will improve efficiency.
DEPT CTO Bob Briski discusses the future of AI-powered experiences, from personalized messages to metaverse content.
AI smoothie shop BetterBlends closes after less than two months in business.
Humane Ai Pin, a $1,000 wearable AI device, will be powered by a large language model and require a monthly subscription.
The race to unlock generative AI's benefits in retail marketing.
ChatGPT failed the CFA exam, but GPT-4 showed promise, suggesting AI is not yet ready for complex financial reasoning.
Tools of the Week
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Funding Friday
It’s Friday let’s talk about the money.
