AI chatbots are everywhere. Finding the right one to trust can mean the difference between success and failure.
In his second Innovation Stage appearance this year, Keyway AI Co-Founder and CEO Matias Recchia gave attendees at TRD’s Miami Forum a peek behind the curtain at how successful real estate AI tools function.
“We’ve developed specific language models that understand leases, understand loans, understand rental comps, understand multifamily development and understand the right context around it,” explained Recchia. “We provide you with the source data for every data point that you see. So it’s not a black box system.”
Recchia’s Keyway is a leading tool for real estate companies looking to innovate their back office operations and free up time for the real-world interactions that keep successful brokerages, property management firms and developers at the top of their fields.
He compared Keyway’s real estate-specific models with the generalized tools like ChatGPT and Claude; those “horizontal” AI services use public data which leads to hallucinations, or false outputs, whereas Keyway’s “vertical” model is trained only on real estate-specific data and only provides answers that it can verify.
“We all know there are a ton of AI platforms that are out there, and we could just go on there and ask them questions, and we can get this illusion of specificity and expertise,” said Recchia. “That illusion is very dangerous.”
Keyway’s tool is designed to protect client privacy, a major hurdle for many LLMs. While the system is trained on publicly-available data, each client’s proprietary information is siloed, meaning that it can be used by companies that need to maintain SOC 2 compliance.
Watch the entire video to learn why real estate companies rely on Keyway AI to get market-specific insights quickly and reliably.