CoStar Group, Inc. (CSGP) Lauches Homes AI

CoStar Group, Inc. (NASDAQ:CSGP) is one of the Most Promising Stocks to Invest In Before They Take Off. On February 17, CoStar Group, Inc. (NASDAQ:CSGP) launched a new AI tool called Homes AI. The tool is powered by Microsoft Azure and OpenAI. It allows users to communicate through voice and text, similar to chatting with a real estate agent.

​Management noted that Homes AI includes conversational search, which is a two-way talking agent that offers personalized recommendations. The tool is linked to CoStar’s Homes.com and has the ability to pull data in real-time without needing to redirect. Moreover, the tool also prioritizes privacy as all data stays in the company’s ecosystem and is not used to train any external AI.

​Management added that the integration of this new tool provides CoStar Group, Inc. (NASDAQ:CSGP) with a strategic edge over its competitors in the housing market. Moreover, the company anticipates the tool will lead to an increase in traffic, engagement, and leads. Management plans to roll out Homes AI across CoStar’s portfolio to boost monetization.

​CoStar Group Inc. (NASDAQ:CSGP) provides information, analytics, and online marketplace services in the US, Canada, Europe, the Asia Pacific, and Latin America.

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Disclosure: None. This article is originally published at Insider Monkey.