Latest Trends and Insights in Real Estate Technology

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  • Why do 85% of AI efforts in real estate fail?

    Emily Wright – CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin. This was one of the big questions posed last month at CREtech London where delegates heard that over three quarters of attempts to implement AI within the real estate sector are not currently meeting the desired outcomes.  Not the most inspiring statistic on the face of it, but the fact it was raised as a problem to be scrutinised is actually extremely enco…

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  • Goldman Sachs: AI Set to Propel 160% Surge in Data Center Power Demand

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  The energy demands of data centers are set to soar, with AI as a key driver. Currently, a ChatGPT query requires nearly 10 times the electricity of a Google search, and this rising energy consumption signifies a major shift in power usage globally. Goldman Sachs Research projects that by 2030, data center power demand will grow by 160%, increasing their …

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  • Orange Charger Unveils Next-Gen EV Charger for Multifamily Properties with $6.5M Funding Boost

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Orange Charger, founded by former Tesla executives, has announced the launch of its latest EV chargers and software platform designed specifically for multifamily properties. With the goal of providing affordable and reliable EV charging to the 43 million Americans living in such residences, the new chargers aim to address the projected rise in EVs, expe…

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  • Proptech Accelerates Innovation in the Motor City

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Detroit, once the fourth-largest city in America, is seeing a resurgence fueled by proptech startups. The city, which saw its population grow for the first time since 1957, is now home to innovative tech companies transforming its real estate landscape. Detroit’s recovery from bankruptcy has been driven by the auto and mortgage industries’ renewed commit…

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  • Adam Neumann Abandons Plan to Reacquire WeWork

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Adam Neumann, co-founder of WeWork, has abandoned his bid to repurchase the company, bringing an end to his audacious attempt to regain control. Neumann, who left WeWork in 2019 amid pressure from investors, had hoped to revive the struggling company with a takeover bid through his new real estate venture, Flow. Despite offering over $500 million, WeWork…

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  • Game-Changing Breakthrough Reveals Recipe for Zero-Carbon Cement

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Cambridge researchers have discovered a breakthrough method to create zero-carbon cement by recycling concrete and steel together. This innovative process involves adding old concrete into steel-processing furnaces, which not only purifies iron but also produces reactivated cement as a byproduct. When powered by renewable energy, this method could lead t…

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  • Form Energy is now leveraging its battery technology to make iron and steel production more sustainable

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Form Energy, founded in 2017, initially aimed to address the challenge of storing renewable energy affordably for extended periods. While developing their iron-air battery, they discovered a method to decarbonize the iron and steel industries. Their battery stores energy by converting rust into pure iron and releases energy by oxidizing the iron. This pr…

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  • Amazon Adopts “Emissions-First” AI Energy Strategy

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Amazon is leveraging artificial intelligence (AI) to enhance power efficiency and reduce emissions amid rising energy demands from data centers, electric vehicles, and electrified homes. As detailed in a blog post shared with Axios, Amazon aims to use AI and machine learning to optimize new battery storage systems alongside solar installations, allowing …

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  • Unlocking Sustainability: Hines Reveals Data-Driven Decarbonization Strategies at CREtech New York 2024

    CREtech

    New York City, NY – May 22, 2024 – CREtech New York, the leading global real estate innovation event, announces a distinguished panel session featuring industry leaders from Hines, a global powerhouse in real estate investment, development, and management. Taking place at the upcoming CREtech New York event on November 13-14, 2024 at the Javits Center, this Main Stage session promises a deep dive into Hines’ groundbreaking approach to leveraging data for decarbonization, shedding light on their …

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  • Link Logistics Report: Clean Energy Transition Drives Demand for 84 Million Square Feet of Industrial Space

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Discover how the clean energy transition is creating a surge in demand for warehouse space in Link Logistics’ latest report. Key insights include: The need for 84 million square feet of spillover space to support supplier networks for electric vehicles, batteries, EV charging equipment, solar panels, and more. Detailed spillover space requirements in ci…

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