BiggerPockets Traffic is Slowing...
Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
Logical Property Management4.9458 Reviews
BiggerPockets Traffic is Slowing...
Most Popular Reply
Lender · Charleston, SC · Member since 2019 · 1k+ posts · 1k+ votes
10moThere has been so much trash across the forums over the past few months. I only engage with posts that are legit and meaningful. Im not wasting my time interacting with thinly-veiled, AI generated self-promotion garbage.
72 Replies
- Lender · Charleston, SC · Member since 2019 · 1k+ posts · 1k+ votes10mo
There has been so much trash across the forums over the past few months. I only engage with posts that are legit and meaningful. Im not wasting my time interacting with thinly-veiled, AI generated self-promotion garbage.
- 10moJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
I know my participation is down.. had to happen at sometime.. but I think we have to keep in mind BP started in the GFC and one of the great buying seasons of our nations history so there was a lot to talk about.
Then you have the FIRE mindset and that fuels it you know the W 2 worker that hates their job and they get the idea through SM that one can buy rentals and retire LOL..
Rentals are a great wealth builder no doubt but switching jobs not so sure at least in the mid to short run and at least for 90% of folks.
- Huntsville, AL · Member since 2018 · 577 posts · 864 votes10mo
@Patrick Roberts - exactly
@Drew Sygit - there are very few people currently active on the board who are investing in Huntsville - most of the folks who invest in this area rarely post any more or have left BP altogether it seems. Or the people who post about Huntsville have no idea what they are talking about, and/or are pretending to be investors and are actually trying to sell you something. As such, I rarely frequent the board like I used to.
As for investing activity, we actually just wrote two offers on MLS listed properties (!) for the first time in at least a year (unsuccessfully on one of the properties). We've also wrote a couple wholesale offers recently, and picked up multiple properties locally this year. The stagnation of the market here in 2024 seems to be finally improving toward the end of 2025. We'll see. We saw something similar in late 2023, when we found 4 properties in the span of 6 weeks that suddently perfectly hit our buy box, and then that was it nothing for a long time.
- 10moJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Michael S.:
@Patrick Roberts - exactly
@Drew Sygit - there are very few people currently active on the board who are investing in Huntsville - most of the folks who invest in this area rarely post any more or have left BP altogether it seems. Or the people who post about Huntsville have no idea what they are talking about, and/or are pretending to be investors and are actually trying to sell you something. As such, I rarely frequent the board like I used to.
As for investing activity, we actually just wrote two offers on MLS listed properties (!) for the first time in at least a year (unsuccessfully on one of the properties). We've also wrote a couple wholesale offers recently, and picked up multiple properties locally this year. The stagnation of the market here in 2024 seems to be finally improving toward the end of 2025. We'll see. We saw something similar in late 2023, when we found 4 properties in the span of 6 weeks that suddently perfectly hit our buy box, and then that was it nothing for a long time.
Michael one of my clients has a pretty large portfolio in Huntsville and is moving on its off market let me know if you want an intro.. I dont really know anything about their units other than I think they are duplex and 4 plex's I help them in other markets not this one. - 10moSamuel CoronadoPro MemberInvestor · Huntsville, AL · Member since 2016 · 334 posts · 181 votes
Quote from @Jay Hinrichs:
Quote from @Michael S.:
@Patrick Roberts - exactly
@Drew Sygit - there are very few people currently active on the board who are investing in Huntsville - most of the folks who invest in this area rarely post any more or have left BP altogether it seems. Or the people who post about Huntsville have no idea what they are talking about, and/or are pretending to be investors and are actually trying to sell you something. As such, I rarely frequent the board like I used to.
As for investing activity, we actually just wrote two offers on MLS listed properties (!) for the first time in at least a year (unsuccessfully on one of the properties). We've also wrote a couple wholesale offers recently, and picked up multiple properties locally this year. The stagnation of the market here in 2024 seems to be finally improving toward the end of 2025. We'll see. We saw something similar in late 2023, when we found 4 properties in the span of 6 weeks that suddently perfectly hit our buy box, and then that was it nothing for a long time.
Michael one of my clients has a pretty large portfolio in Huntsville and is moving on its off market let me know if you want an intro.. I dont really know anything about their units other than I think they are duplex and 4 plex's I help them in other markets not this one.I'm a local in Huntsville. Would love to hear about this.
- 10moJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Samuel Coronado:
Quote from @Jay Hinrichs:
Quote from @Michael S.:
@Patrick Roberts - exactly
@Drew Sygit - there are very few people currently active on the board who are investing in Huntsville - most of the folks who invest in this area rarely post any more or have left BP altogether it seems. Or the people who post about Huntsville have no idea what they are talking about, and/or are pretending to be investors and are actually trying to sell you something. As such, I rarely frequent the board like I used to.
As for investing activity, we actually just wrote two offers on MLS listed properties (!) for the first time in at least a year (unsuccessfully on one of the properties). We've also wrote a couple wholesale offers recently, and picked up multiple properties locally this year. The stagnation of the market here in 2024 seems to be finally improving toward the end of 2025. We'll see. We saw something similar in late 2023, when we found 4 properties in the span of 6 weeks that suddently perfectly hit our buy box, and then that was it nothing for a long time.
Michael one of my clients has a pretty large portfolio in Huntsville and is moving on its off market let me know if you want an intro.. I dont really know anything about their units other than I think they are duplex and 4 plex's I help them in other markets not this one.I'm a local in Huntsville. Would love to hear about this.
send me PM its about 40 different properties.. not sure if they will sell individually or not - Rental Property Investor · Grapevine, TX · Member since 2020 · 136 posts · 52 votes10mo
Quote from @Michael S.:
@Patrick Roberts - exactly
@Drew Sygit - there are very few people currently active on the board who are investing in Huntsville - most of the folks who invest in this area rarely post any more or have left BP altogether it seems. Or the people who post about Huntsville have no idea what they are talking about, and/or are pretending to be investors and are actually trying to sell you something. As such, I rarely frequent the board like I used to.
As for investing activity, we actually just wrote two offers on MLS listed properties (!) for the first time in at least a year (unsuccessfully on one of the properties). We've also wrote a couple wholesale offers recently, and picked up multiple properties locally this year. The stagnation of the market here in 2024 seems to be finally improving toward the end of 2025. We'll see. We saw something similar in late 2023, when we found 4 properties in the span of 6 weeks that suddently perfectly hit our buy box, and then that was it nothing for a long time.
Congrats on the MLS HSV contracts! I haven't bought a listed property since 2023. Numbers or sellers haven't been in my favor (even the distressed homes have been tough). Do you see a shift of listed properties being more investor friendly on the numbers?
- 10moElias HalvorsonBusiness MemberHI · Member since 2024 · 225 posts · 130 votes
I agree. So much AI generated sloppy self promotion. Id like to see BP aggressively confront this issue by banning members after their second time posting AI generated self promotion drivel. They have a blog section where that junk can be posted, there is no excuse for posting it here.
Elias Halvorson C2 Hawaii NMLS#1697041HI Branch NMLS#1244222 585 Reviews - Real Estate Agent · Chicago, IL · Member since 2017 · 2k+ posts · 2k+ votes10mo
I am a realtor that focuses almost entirely on 2-4 unit Chicago investment properties, get lots of clients from this site. Been doing it since 2017 and it is definitely VERY slow this year on BP way less leads. They need to ban the AI posts. But I think market conditions are the biggest factor. BP buyers want that high year 1 cashflow that doesn't exist anymore, todays buyers tend to look more for year 3 or 5 total return or to live in the home/2-4 unit. Not saying either view point is better but its a clear difference of buy box goals.
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes10moBetween investing getting hard again vs easy with low interest rates and appreciation to now needing to know what you are doing along with all the AI chunk people are posting - people are getting less involved. I also think the app and the UI is worse than a MySpace site so I think that also plays into it too
7e investments53 Reviews - Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes10mo
Quote from @Drew Sygit:
Have communicated with a few long-time and active BP members and we're all noticing a slowdown in activity on the Forums.
Saw a report that investors bought just over 10% of Q2 properties sold, down from over 25% last year.
Many experts are saying that the real estate sales market is "gettng back to normal".
Seems the real estate investment sales market is probably doing the same thing.
What do YOU think?
Good question.
- Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10mo
Everyone is just asking AI now, willfully ignorant to the fact that it is wrong much of the time.
- 10moJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Steve K.:
Everyone is just asking AI now, willfully ignorant to the fact that it is wrong much of the time.
not everyone my wife just showed me how to get on it.. I might have tried it once or twice to ask about random questions but still would not know how to have it write a reply and then how to get it on to BP.. that takes some computere skills i dont have. - Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes10mo
Quote from @Jay Hinrichs:
Quote from @Steve K.:
Everyone is just asking AI now, willfully ignorant to the fact that it is wrong much of the time.
not everyone my wife just showed me how to get on it.. I might have tried it once or twice to ask about random questions but still would not know how to have it write a reply and then how to get it on to BP.. that takes some computere skills i dont have.I wouldn't worry too much about it. One of my (younger, very bright millennial) students, asked ChatGPT to solve a problem he's having with a property and asked ChatGPT, whichever is the newest version, what to do. He sent it to me for me to take a look at. It looked pretty good . . . but it was illegal and would get him sued. Only an experienced real estate agent or investor would have known that. A few lawsuits from now and Ai won't be the "darling" it is right now. It's just the new shiny thing in real estate to avoid having to spend time learning the fundamentals.
By the way, my students, typically in the medical or business world, really don't know the difference between a Deed of Trust and a Warranty Deed. Why should we assume they do? Every qualified real estate agent was taught the difference and much more, in the classes they took for a reason.This are people who don't even read the Deed of Trust they sign, They're clueless. We should treat them with respect, not disdain, because they are choosing to get educated and don't have years to waste on trial (lawsuit) and error. They want to invest, not be agents.
- 10moJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Ken M.:
Quote from @Jay Hinrichs:
Quote from @Steve K.:
Everyone is just asking AI now, willfully ignorant to the fact that it is wrong much of the time.
not everyone my wife just showed me how to get on it.. I might have tried it once or twice to ask about random questions but still would not know how to have it write a reply and then how to get it on to BP.. that takes some computere skills i dont have.I wouldn't worry too much about it. One of my (younger, very bright millennial) students
asked ChatGPT to solve a problem he's having with a property and asked ChatGPT, whichever is the newest version what to do. He sent it to me for me to take a look at. It looked pretty good . . . but it was illegal and would get him sued. Only an experienced real estate agent or investor would have known that. A few lawsuits from now and Ai won't be the
darling" it is right now. It's just the new shiny thing in real estate to avoid having to spend time learning the fundamentals.
By the way, my students, typically in the medical or business world, really don't know the difference between a Deed of Trust and a Warranty Deed. Why should we assume they do? Every qualified real estate agent was taught that in the classes for a reason. This are people who don't even read the Deed of Trust they sign, They're clueless. We should treat them with respect, not disdain, because they are choosing to get educated and don't have years to waste on trial (lawsuit) and error.
they certainly miss the part in the DT titled
"EVENTS OF DEFAULT" its more than just missing payments. - Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10moMy brokerage is ramming it down our throats for everything from writing listing descriptions (it’s okay at that but definitely still need to proof-read and edit obviously) to identifying which clients in our database will be likely to sell soon (works maybe 25% of the time). I feel like people are just trusting it blindly already though, without realizing that it’s just collecting a bunch of info from the internet which may or may not be accurate. We know in real estate that each situation is specific to location and many of the most prolific YouTubers/ online gurus are pumping out a lot of questionable content. Scary to think that all of this fluff is going into the AI bots and being regurgitated with any falsehoods perpetuated.
Quote from @Jay Hinrichs:
Quote from @Steve K.:
Everyone is just asking AI now, willfully ignorant to the fact that it is wrong much of the time.
not everyone my wife just showed me how to get on it.. I might have tried it once or twice to ask about random questions but still would not know how to have it write a reply and then how to get it on to BP.. that takes some computere skills i dont have. - Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10moNot to mention the lawsuits about these companies stealing copyright protected source material to feed the AI…
Quote from @Ken M.:
Quote from @Jay Hinrichs:
Quote from @Steve K.:
Everyone is just asking AI now, willfully ignorant to the fact that it is wrong much of the time.
not everyone my wife just showed me how to get on it.. I might have tried it once or twice to ask about random questions but still would not know how to have it write a reply and then how to get it on to BP.. that takes some computere skills i dont have.I wouldn't worry too much about it. One of my (younger, very bright millennial) students, asked ChatGPT to solve a problem he's having with a property and asked ChatGPT, whichever is the newest version, what to do. He sent it to me for me to take a look at. It looked pretty good . . . but it was illegal and would get him sued. Only an experienced real estate agent or investor would have known that. A few lawsuits from now and Ai won't be the "darling" it is right now. It's just the new shiny thing in real estate to avoid having to spend time learning the fundamentals.
By the way, my students, typically in the medical or business world, really don't know the difference between a Deed of Trust and a Warranty Deed. Why should we assume they do? Every qualified real estate agent was taught the difference and much more, in the classes they took for a reason.This are people who don't even read the Deed of Trust they sign, They're clueless. We should treat them with respect, not disdain, because they are choosing to get educated and don't have years to waste on trial (lawsuit) and error. They want to invest, not be agents.
- Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes10mo
Quote from @Jay Hinrichs:
Quote from @Ken M.:
Quote from @Jay Hinrichs:
Quote from @Steve K.:
Everyone is just asking AI now, willfully ignorant to the fact that it is wrong much of the time.
not everyone my wife just showed me how to get on it.. I might have tried it once or twice to ask about random questions but still would not know how to have it write a reply and then how to get it on to BP.. that takes some computere skills i dont have.I wouldn't worry too much about it. One of my (younger, very bright millennial) students
asked ChatGPT to solve a problem he's having with a property and asked ChatGPT, whichever is the newest version what to do. He sent it to me for me to take a look at. It looked pretty good . . . but it was illegal and would get him sued. Only an experienced real estate agent or investor would have known that. A few lawsuits from now and Ai won't be the
darling" it is right now. It's just the new shiny thing in real estate to avoid having to spend time learning the fundamentals.
By the way, my students, typically in the medical or business world, really don't know the difference between a Deed of Trust and a Warranty Deed. Why should we assume they do? Every qualified real estate agent was taught that in the classes for a reason. This are people who don't even read the Deed of Trust they sign, They're clueless. We should treat them with respect, not disdain, because they are choosing to get educated and don't have years to waste on trial (lawsuit) and error.
they certainly miss the part in the DT titled
"EVENTS OF DEFAULT" its more than just missing payments.You are right on. There is so much you need to know. For some of us, since we've been at it for a while, we just naturally assume others have our experience and knowledge.
I for one, for example, wouldn't attempt to do an inbuild without training. I've never done one, don't know how to calculate out costs or get permits and on and on. Same thing. It's not my forte. I don't make guesses when that much is on the line.I stick to what I know, I don't expect everyone to know what I know, I help where people will listen.
- Investor · Sugar Land, TX · Member since 2012 · 554 posts · 232 votes10moThat was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time. - Rental Property Investor · San Francisco Bay Area · Member since 2022 · 1k+ posts · 1k+ votes10mo
Quote from @Steve K.:
Everyone is just asking AI now, willfully ignorant to the fact that it is wrong much of the time.
As far as the OP's question, I think it's just attrition. I don't post/comment as much as I used to.
They already started a private school in San Francisco run by AI curriculum - that's concerning that K-8th graders won't be interacting with teachers or classmates in person. Kids might learn the academic curriculum via AI but there's so much more to school. Learning to communicate effectively with people and interact in socially appropriate ways is part of growing up.
They put AI on my computer at work. I'm trying to figure out a way to turn it off. I'm in the process of turning this off on my home computer, if possible. Every comment and email I've typed are my own thoughts and not AI generated.
Another concern is all these AI data centers popping up over the USA and the amount of water it takes to cool these down. That's going to have a huge environmental impact.
- Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10mo
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
- Investor · Sugar Land, TX · Member since 2012 · 554 posts · 232 votes10moYou're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.
Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too. - Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10mo
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
- Investor · Sugar Land, TX · Member since 2012 · 554 posts · 232 votes10mo
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve. - Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10moThere is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve. - Investor · Sugar Land, TX · Member since 2012 · 554 posts · 232 votes10mo
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
- Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10mo
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes10mo
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
AI right now is blockchain 10 years ago. It will revolutionize and change real estate for ever. How many people you know doing blockchain for real estate? AI has a time and place but it is not nearly close to being what it needs to be in order to use it properly and rely less on human common sense.
7e investments53 Reviews - Investor · Sugar Land, TX · Member since 2012 · 554 posts · 232 votes10mo
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
I'll leave with this and bring it down to REI...
AI will not replace investors. It will replace investors who don't incorporate AI.
Most importantly at the moment, investors can install voice AI to answer 100% of calls, book appointments on their calendar, and eliminate missed calls. That is an instant win, especially with most investors answer fewer than 50% of calls live.Additionally, with outbound voice AI, follow-up happens 100% of the time, on-time, for as long as desired. No more leads falling through the cracks. Another instant win.
Those are two simple, but important solutions that AI is solving today. And I know first hand that it is driving more deals.
Investors without voice AI are at a significant disadvantage over investors with voice AI. It's like racing a Ford Pinto against a Bugatti. The Bugatti doesn't have to be perfect. It's engine is so much more advanced, that it doesn't need to be perfect to win.
There are some really cool data analytics in use today too. That will soon drive the needle the most, but at the moment voice AI is the lowest cost with the biggest result.
- 10moJoe S.Pro MemberInvestor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votesinvestors can install voice AI to answer 100% of calls
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
I'll leave with this and bring it down to REI...
AI will not replace investors. It will replace investors who don't incorporate AI.
Most importantly at the moment, investors can install voice AI to answer 100% of calls, book appointments on their calendar, and eliminate missed calls. That is an instant win, especially with most investors answer fewer than 50% of calls live.Additionally, with outbound voice AI, follow-up happens 100% of the time, on-time, for as long as desired. No more leads falling through the cracks. Another instant win.
Those are two simple, but important solutions that AI is solving today. And I know first hand that it is driving more deals.
Investors without voice AI are at a significant disadvantage over investors with voice AI. It's like racing a Ford Pinto against a Bugatti. The Bugatti doesn't have to be perfect. It's engine is so much more advanced, that it doesn't need to be perfect to win.
There are some really cool data analytics in use today too. That will soon drive the needle the most, but at the moment voice AI is the lowest cost with the biggest result.
Where can I find someone to help me set that up? - Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10mo
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
I'll leave with this and bring it down to REI...
AI will not replace investors. It will replace investors who don't incorporate AI.
Most importantly at the moment, investors can install voice AI to answer 100% of calls, book appointments on their calendar, and eliminate missed calls. That is an instant win, especially with most investors answer fewer than 50% of calls live.Additionally, with outbound voice AI, follow-up happens 100% of the time, on-time, for as long as desired. No more leads falling through the cracks. Another instant win.
Those are two simple, but important solutions that AI is solving today. And I know first hand that it is driving more deals.
Investors without voice AI are at a significant disadvantage over investors with voice AI. It's like racing a Ford Pinto against a Bugatti. The Bugatti doesn't have to be perfect. It's engine is so much more advanced, that it doesn't need to be perfect to win.
There are some really cool data analytics in use today too. That will soon drive the needle the most, but at the moment voice AI is the lowest cost with the biggest result.
Follow up happens 100% of the time but when the follow up is no good, what happens then?
https://www.biggerpockets.com/forums/530/topics/1268671-usin... - Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes10mo
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
I'll leave with this and bring it down to REI...
AI will not replace investors. It will replace investors who don't incorporate AI.
Most importantly at the moment, investors can install voice AI to answer 100% of calls, book appointments on their calendar, and eliminate missed calls. That is an instant win, especially with most investors answer fewer than 50% of calls live.Additionally, with outbound voice AI, follow-up happens 100% of the time, on-time, for as long as desired. No more leads falling through the cracks. Another instant win.
Those are two simple, but important solutions that AI is solving today. And I know first hand that it is driving more deals.
Investors without voice AI are at a significant disadvantage over investors with voice AI. It's like racing a Ford Pinto against a Bugatti. The Bugatti doesn't have to be perfect. It's engine is so much more advanced, that it doesn't need to be perfect to win.
There are some really cool data analytics in use today too. That will soon drive the needle the most, but at the moment voice AI is the lowest cost with the biggest result.
But what AI cannot do is hold an actual conversation. I answered a call the other day from a potential investor and they mentioned they had to put their dog down and apologized why they called me a day late. I asked about the type of dog, shared the stories I had with my greyhounds.
Another potential investor I spoke with was a fix and flipper and wanted out. We shared war stories of dealing with contractors and others etc. No AI can do that. Can AI do administrative tasks - yes, but so can a VA with a personality.
I am not against AI, I use it in many instances, but it does not replace humans, its a tool for efficiency just like the internet was. Still need a brain and a connection with humans which AI does not have.
7e investments53 Reviews - Investor · Sugar Land, TX · Member since 2012 · 554 posts · 232 votes10moHi Joe, happy to help. Send me a DM or schedule a Pathwaize demo here.
Quote from @Joe S.:
investors can install voice AI to answer 100% of callsQuote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
I'll leave with this and bring it down to REI...
AI will not replace investors. It will replace investors who don't incorporate AI.
Most importantly at the moment, investors can install voice AI to answer 100% of calls, book appointments on their calendar, and eliminate missed calls. That is an instant win, especially with most investors answer fewer than 50% of calls live.Additionally, with outbound voice AI, follow-up happens 100% of the time, on-time, for as long as desired. No more leads falling through the cracks. Another instant win.
Those are two simple, but important solutions that AI is solving today. And I know first hand that it is driving more deals.
Investors without voice AI are at a significant disadvantage over investors with voice AI. It's like racing a Ford Pinto against a Bugatti. The Bugatti doesn't have to be perfect. It's engine is so much more advanced, that it doesn't need to be perfect to win.
There are some really cool data analytics in use today too. That will soon drive the needle the most, but at the moment voice AI is the lowest cost with the biggest result.
Where can I find someone to help me set that up? - Investor · Sugar Land, TX · Member since 2012 · 554 posts · 232 votes10mo
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
I'll leave with this and bring it down to REI...
AI will not replace investors. It will replace investors who don't incorporate AI.
Most importantly at the moment, investors can install voice AI to answer 100% of calls, book appointments on their calendar, and eliminate missed calls. That is an instant win, especially with most investors answer fewer than 50% of calls live.Additionally, with outbound voice AI, follow-up happens 100% of the time, on-time, for as long as desired. No more leads falling through the cracks. Another instant win.
Those are two simple, but important solutions that AI is solving today. And I know first hand that it is driving more deals.
Investors without voice AI are at a significant disadvantage over investors with voice AI. It's like racing a Ford Pinto against a Bugatti. The Bugatti doesn't have to be perfect. It's engine is so much more advanced, that it doesn't need to be perfect to win.
There are some really cool data analytics in use today too. That will soon drive the needle the most, but at the moment voice AI is the lowest cost with the biggest result.
Follow up happens 100% of the time but when the follow up is no good, what happens then?
https://www.biggerpockets.com/forums/530/topics/1268671-usin...In this case, done is better than not done. It's about staying top of mind. As Wayne Gretzky said, "You miss 100% of the shots you don't take." But...it's pretty good too.
- Investor · Sugar Land, TX · Member since 2012 · 554 posts · 232 votes10mo
Quote from @Chris Seveney:
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
I'll leave with this and bring it down to REI...
AI will not replace investors. It will replace investors who don't incorporate AI.
Most importantly at the moment, investors can install voice AI to answer 100% of calls, book appointments on their calendar, and eliminate missed calls. That is an instant win, especially with most investors answer fewer than 50% of calls live.Additionally, with outbound voice AI, follow-up happens 100% of the time, on-time, for as long as desired. No more leads falling through the cracks. Another instant win.
Those are two simple, but important solutions that AI is solving today. And I know first hand that it is driving more deals.
Investors without voice AI are at a significant disadvantage over investors with voice AI. It's like racing a Ford Pinto against a Bugatti. The Bugatti doesn't have to be perfect. It's engine is so much more advanced, that it doesn't need to be perfect to win.
There are some really cool data analytics in use today too. That will soon drive the needle the most, but at the moment voice AI is the lowest cost with the biggest result.
But what AI cannot do is hold an actual conversation. I answered a call the other day from a potential investor and they mentioned they had to put their dog down and apologized why they called me a day late. I asked about the type of dog, shared the stories I had with my greyhounds.
Another potential investor I spoke with was a fix and flipper and wanted out. We shared war stories of dealing with contractors and others etc. No AI can do that. Can AI do administrative tasks - yes, but so can a VA with a personality.
I am not against AI, I use it in many instances, but it does not replace humans, its a tool for efficiency just like the internet was. Still need a brain and a connection with humans which AI does not have.
It's not perfect, but programmed well it can 100% hold a conversation.
When talking to the sales trainer & mentioned above, I let him listen to the replay of a probate lead. The first response the AI agent made was with empathy for their loss. The sales trainer said "Wow, do you know how many student's calls I have where they hear a seller say their mom died and their first response is...'So, how many bedrooms is the house.'"
It doesn't replace humans - yet, but it is an incredible leverage tool. - Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10mo
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
I'll leave with this and bring it down to REI...
AI will not replace investors. It will replace investors who don't incorporate AI.
Most importantly at the moment, investors can install voice AI to answer 100% of calls, book appointments on their calendar, and eliminate missed calls. That is an instant win, especially with most investors answer fewer than 50% of calls live.Additionally, with outbound voice AI, follow-up happens 100% of the time, on-time, for as long as desired. No more leads falling through the cracks. Another instant win.
Those are two simple, but important solutions that AI is solving today. And I know first hand that it is driving more deals.
Investors without voice AI are at a significant disadvantage over investors with voice AI. It's like racing a Ford Pinto against a Bugatti. The Bugatti doesn't have to be perfect. It's engine is so much more advanced, that it doesn't need to be perfect to win.
There are some really cool data analytics in use today too. That will soon drive the needle the most, but at the moment voice AI is the lowest cost with the biggest result.
Follow up happens 100% of the time but when the follow up is no good, what happens then?
https://www.biggerpockets.com/forums/530/topics/1268671-usin...In this case, done is better than not done. It's about staying top of mind. As Wayne Gretzky said, "You miss 100% of the shots you don't take." But...it's pretty good too.
What do you mean by "Done is better than not done" in this case? The miscommunication brought on by the AI bot caused the house to be filled with raw sewage for several extra days and the messages never got to the host, so I think they would have been better off if they had not employed AI at all in this case. Giving the guests their cell phone # would have yielded a much better result.
- Investor · Sugar Land, TX · Member since 2012 · 554 posts · 232 votes10mo
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
I'll leave with this and bring it down to REI...
AI will not replace investors. It will replace investors who don't incorporate AI.
Most importantly at the moment, investors can install voice AI to answer 100% of calls, book appointments on their calendar, and eliminate missed calls. That is an instant win, especially with most investors answer fewer than 50% of calls live.Additionally, with outbound voice AI, follow-up happens 100% of the time, on-time, for as long as desired. No more leads falling through the cracks. Another instant win.
Those are two simple, but important solutions that AI is solving today. And I know first hand that it is driving more deals.
Investors without voice AI are at a significant disadvantage over investors with voice AI. It's like racing a Ford Pinto against a Bugatti. The Bugatti doesn't have to be perfect. It's engine is so much more advanced, that it doesn't need to be perfect to win.
There are some really cool data analytics in use today too. That will soon drive the needle the most, but at the moment voice AI is the lowest cost with the biggest result.
Follow up happens 100% of the time but when the follow up is no good, what happens then?
https://www.biggerpockets.com/forums/530/topics/1268671-usin...In this case, done is better than not done. It's about staying top of mind. As Wayne Gretzky said, "You miss 100% of the shots you don't take." But...it's pretty good too.
What do you mean by "Done is better than not done" in this case? The miscommunication brought on by the AI bot caused the house to be filled with raw sewage for several extra days and the messages never got to the host, so I think they would have been better off if they had not employed AI at all in this case. Giving the guests their cell phone # would have yielded a much better result.
That was in context of follow up. Not sure what happened with the issue you're describing, but the responsibility falls on the operator, not AI. It likely should have been trained better, but it definitely should have been monitored, like you would an employee.
- Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10moIt reads to me like it was clearly an issue caused by using AI for replying to guests. I linked to the thread but here’s the tl;dr : there was a sewage backup into the house and the guests tried to report it, but they didn’t realize they were talking to AI so they just got more and more frustrated, and the message never made it to the host, the owner or any human who could take action. Guests stayed there for several days with sewage backing up into the house, wondering why nobody was doing anything about it even though they thought they had reported it. AI doesn’t have “common sense” or the ability to respond appropriately in situations that a human would realize immediate action is needed. The general consensus on that thread I linked to was that AI is not good at replying to guests for this reason.
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
Quote from @Steve K.:
There is certainly a lot of wild exaggeration coming from these “AI thought leaders” as opposed to a clear plan for a sustainable AI business model. Could be a bubble!Quote from @Chris Bounds:
Quote from @Steve K.:
Quote from @Chris Bounds:
You're referring to Artificial General Intelligence. I'm far from an expert on that. Some say that's not possible while others say it's a matter of time. I tend to agree with the latter. Quantum computing may be what gets us there, and current AI advancements may be what helps make quantum computing mainstream.Quote from @Steve K.:
Quote from @Chris Bounds:
That was a fair criticism a few months ago - but not so much anymore, and less by the day.
Multi-model reasoning today is lightyears ahead of where it was even 12 months ago. AI isn’t just a Q&A chatbot anymore. It’s becoming a highly intelligent, agentic, problem-solving machine that can learn, adapt, and execute in ways that were hard to imagine a few years ago.
You should still double-check the important details, but we’re not far from a world where AI handles that for you in real time.My understanding is that we are still a long ways away from Artificial Super Intelligence (when AI will be as intelligent as humans), and that it’s still just a hypothetical that it’s even possible.
Sam Altman said recently that no human born today will ever be smarter than AI. Advancements are moving incredibly fast too.Yes, both ASI and AGI are theoretical. Right now all we have is narrow/ weak AI: Siri, facial recognition, ChatGPT, autonomous driving, language translation, rapid data processing and machine learning. Limited to a specific task or limited range of tasks. But CEO's of these companies like to over-hype the capabilities to raise money, even though so far billions have gone in and profits are elusive.
I don't think Sam Altman is a credible source of info. After all he has been fired several times for "patterns of deception" and most of his inner circle quit and called him a pathological liar when he was re-hired. He has made a lot of grandiose predictions over the years that have not materialized: such as the "hallucinations" issue with AI being solved by now which it hasn't, and predicted that blue collar jobs would be totally gone by now, and that we'd have self-driving cars by 2019 etc. I think he's just an AI hype-man, pumping it up to raise money for his company and make money for himself, which has worked because he's a billionaire. But that doesn't mean he's a credible source of info in fact maybe the opposite.
Altman’s comment is based on quantitative benchmark scoring. He's certainly not the only AI thought leader to suggest that.
They're not limited to specific tasks, but they're not handing massively complex, multi-step, multi-touch point tasks with 100% precision either. More advancements in multi-model & A2A (agent-to-agent) are expected next year. It will be interesting to see how much those areas improve.Pricing bubble...maybe. There's no stopping the development train though.
Of course, just like the dot.com bubble burst in 1999 but we still have the internet today. What seems to be happening now is that AI companies oversold and exaggerated but have not narrowed down what the marketability of it and will be, while investors have bought in hook, line and sinker. Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.
It seems like AI is being rammed down our throats everywhere you look even though it doesn’t even work very well sometimes. I think we’ll see valuations come down to earth, winners will be separated from losers. Many AI companies and projects will go away. AI will still exist but only in use cases that it is actually suited for such as writing code, speeding up data processing, enhancing automation, reducing repetitive tasks, etc. Hopefully we won’t have so many “would you like to use our new AI tool?” prompts that we have to click “No” on all the time anymore lol. I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble. It’s a shiny object right now but as we implement it we’re seeing that it can actually over-complicate things and cause problems.
I'll leave with this and bring it down to REI...
AI will not replace investors. It will replace investors who don't incorporate AI.
Most importantly at the moment, investors can install voice AI to answer 100% of calls, book appointments on their calendar, and eliminate missed calls. That is an instant win, especially with most investors answer fewer than 50% of calls live.Additionally, with outbound voice AI, follow-up happens 100% of the time, on-time, for as long as desired. No more leads falling through the cracks. Another instant win.
Those are two simple, but important solutions that AI is solving today. And I know first hand that it is driving more deals.
Investors without voice AI are at a significant disadvantage over investors with voice AI. It's like racing a Ford Pinto against a Bugatti. The Bugatti doesn't have to be perfect. It's engine is so much more advanced, that it doesn't need to be perfect to win.
There are some really cool data analytics in use today too. That will soon drive the needle the most, but at the moment voice AI is the lowest cost with the biggest result.
Follow up happens 100% of the time but when the follow up is no good, what happens then?
https://www.biggerpockets.com/forums/530/topics/1268671-usin...In this case, done is better than not done. It's about staying top of mind. As Wayne Gretzky said, "You miss 100% of the shots you don't take." But...it's pretty good too.
What do you mean by "Done is better than not done" in this case? The miscommunication brought on by the AI bot caused the house to be filled with raw sewage for several extra days and the messages never got to the host, so I think they would have been better off if they had not employed AI at all in this case. Giving the guests their cell phone # would have yielded a much better result.
That was in context of follow up. Not sure what happened with the issue you're describing, but the responsibility falls on the operator, not AI. It likely should have been trained better, but it definitely should have been monitored, like you would an employee.
- 10moCorby GoadeBusiness MemberInvestor · Boise, ID · Member since 2014 · 3k+ posts · 3k+ votes
Yeah- I am feeling that too. More opportunity for the rest of us.
I think the crazy covid run up of rents and values created all kinds of FOMO and people jumped on too late and missed that ride. Now they're in an endless cycle of "waiting for the right time/deal," and analysis paralysis.
I honestly don't mind this pace, feels the same way it did from 2013-2019. Slow and steady wins the race.
- Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes10mo
Forums are going to die. It's the same 10-15 people who I feel like I engage with every morning while I have my coffee ;-)
AI is getting so much better so quickly @Steve K. The difference between ChatGPT 4 and 5 is a lightyear. You still have to know at least how to write a decent prompt, or better set up a customGPT, but users are getting better, especially younger ones. In the next coupke weeks we will see Gemini 3 and aparently that is going to blow ChatGPT5 out of the water. Remember how bad the first smart phones were? It took a few years to get better..
With that why would you spend hours reading forums, when you can just prompt: "I want to know what to do with my tenant about XYZ. Review the attached lease. Search biggerpockets and ignore advice from people who have less than 1000 votes. Then compare the results with landlord-tenant law in my State and draft a Notice to my tenant." Go.
- Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10mo
Quote from @Marcus Auerbach:
Forums are going to die. It's the same 10-15 people who I feel like I engage with every morning while I have my coffee ;-)
AI is getting so much better so quickly @Steve K. The difference between ChatGPT 4 and 5 is a lightyear. You still have to know at least how to write a decent prompt, or better set up a customGPT, but users are getting better, especially younger ones. In the next coupke weeks we will see Gemini 3 and aparently that is going to blow ChatGPT5 out of the water. Remember how bad the first smart phones were? It took a few years to get better..
With that why would you spend hours reading forums, when you can just prompt: "I want to know what to do with my tenant about XYZ. Review the attached lease. Search biggerpockets and ignore advice from people who have less than 1000 votes. Then compare the results with landlord-tenant law in my State and draft a Notice to my tenant." Go.
That’s kind of scary because the response might sound just like that guy Bob who was on here giving terrible advice for years before he got kicked off, lol. Seriously though, the source info AI is aggregating is 90% junk. When did we go from “don’t believe anything you read on the internet” to “let’s scrub the internet with bots that will collect all of that bad info real fast and solve all of our problems, don’t worry about the fact that a high percentage of the info being collected is garbage”? I just read that Elon’s Grok 3 AI was tested and found to contain inaccurate info a ridiculous 94% of the time, but people still trust it…
- 10moNicholas L.Pro MemberFlipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
think it will be too encouraging, though? will every new investor be told to "just go for it" regardless of their financial position?
i still manage to have meaningful interactions with new investors though a lot of folks post and then either don't take action or take action but don't come back. can't know...
- 10moPatience EchemPro MemberMember since 2024 · 68 posts · 50 votes
When I read a post, as a Newby I am hoping to learn information I can use to be a better real estate investor: I am looking to see what issues other investors are having and all the ways to handle it. Some always provide really useful and valuable information while some totally ignore the question. Lately, some of the discussions on the forum are people going back and forth on issues that provides little to no value. Some are political arguments, occasional bickering about ungrateful newbies, and self-promotion. Like this post, I am not sure anyone reading it will learn anything on what to do with their rental or real estate. Fussing about AI is short sighted, because it will get better over time and the more it provides direct and specific answers the less people will use a site where others tear them down in the name of providing guidance.
- Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10moThe most immediate take-away from this site for me when I first started posting on here was needing to develop thicker skin. At first I was offended by the blunt and honest feedback I got that I wasn’t expecting and that felt harsh and unrelated to my original questions. But someone on here told me to suck it up because it was actually “tough love” and that thick skin is a very helpful, in fact necessary trait to have in this biz. It would be a shame if new investors missed out on the “steel sharpening steel” aspect of the forums, in my opinion.
Quote from @Patience Echem:
When I read a post, as a Newby I am hoping to learn information I can use to be a better real estate investor: I am looking to see what issues other investors are having and all the ways to handle it. Some always provide really useful and valuable information while some totally ignore the question. Lately, some of the discussions on the forum are people going back and forth on issues that provides little to no value. Some are political arguments, occasional bickering about ungrateful newbies, and self-promotion. Like this post, I am not sure anyone reading it will learn anything on what to do with their rental or real estate. Fussing about AI is short sighted, because it will get better over time and the more it provides direct and specific answers the less people will use a site where others tear them down in the name of providing guidance.
- Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes10mo
@Drew Sygit I know of at least one veteran BP community member who no longer posts because they felt targeted by a moderator who kept deleting their comments. It’s too bad because they were the funniest person on here IMO and contributed a lot of unique character to the forums. If all the unique characters are chased away for not fitting a mold of what a moderator wants the site to be, we’ll be left with just people selling stuff.
- 10moJohn MorganPro MemberRental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votes
Less people getting into RE due to much lower profits these days. And many people are losing interest in scaling up due to not enough meat on the bone with the current environment. We’re back in normal boring territory which doesn’t excite most people. They’d rather buy stocks or crypto vs the slow way to wealth with RE.
- 10moJohn MorganPro MemberRental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votes
Less people getting into RE due to much lower profits these days. And many people are losing interest in scaling up due to not enough meat on the bone with the current environment. We’re back in normal boring territory which doesn’t excite most people. They’d rather buy stocks or crypto vs the slow way to wealth with RE.
- Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes10mo
Many of us that used to engage on the forums (I had my 5 Js- Jerry, Jay, JD, Joe S, Joe V) and a couple James together posted quality well over 100k times probably just aged out.
I exited out of 90% of my portfolio in '22 and lost interest during the STR craze, smh.
When I randomly showed up today I had to force the website to /forums to even find them. After clicking through banner ads.
Our dashboards used to be all about the Forums and what our friends/colleagues were posting. Now it's all PE 'd up with find this or that for a sale.
- Rental Property Investor · San Francisco Bay Area · Member since 2022 · 1k+ posts · 1k+ votes10mo
Quote from @Steve Vaughan:
Many of us that used to engage on the forums (I had my 5 Js- Jerry, Jay, JD, Joe S, Joe V) and a couple James together posted quality well over 100k times probably just aged out.
I exited out of 90% of my portfolio in '22 and lost interest during the STR craze, smh.
When I randomly showed up today I had to force the website to /forums to even find them. After clicking through banner ads.
Our dashboards used to be all about the Forums and what our friends/colleagues were posting. Now it's all PE 'd up with find this or that for a sale.
Besides the 5 Js, I remember Carlos P. He was in California. He would post detailed comments but I haven't seen him on here in over a year.
I've only been on BP since 2022 but some of the old timers said it felt like more of community before. I think it would have been interesting to be on BP around 2008
You exited out of 90% of your portfolio?! Wow.
- Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes10mo
Quote from @Becca F.:
Quote from @Steve Vaughan:
Many of us that used to engage on the forums (I had my 5 Js- Jerry, Jay, JD, Joe S, Joe V) and a couple James together posted quality well over 100k times probably just aged out.
I exited out of 90% of my portfolio in '22 and lost interest during the STR craze, smh.
When I randomly showed up today I had to force the website to /forums to even find them. After clicking through banner ads.
Our dashboards used to be all about the Forums and what our friends/colleagues were posting. Now it's all PE 'd up with find this or that for a sale.
Besides the 5 Js, I remember Carlos P. He was in California. He would post detailed comments but I haven't seen him on here in over a year.
I've only been on BP since 2022 but some of the old timers said it felt like more of community before. I think it would have been interesting to be on BP around 2008
You exited out of 90% of your portfolio?! Wow.
Yeah I miss Carlos, hope he's doing well.
- Real Estate Agent · Jacksonville, FL · Member since 2015 · 1k+ posts · 1k+ votes10mo
Real estate is cyclical, booms and busts. There will be more cycles coming and there is no way to know when or how big. The boom prior to the great recession, was out of control. Fog this mirror and get a mortgage for an unrealistic deal. It was thought, that after the crash, we would all be living in cardboard boxes under a bridge. Quite the opposite, the number of houses that hit the market all at once was unprecedented and money was cheap. Everyone was an investor, flipper, note trader, etc. The crowds rushed and drove the market.
During COVID the crowd moved to stock trading on Robin-hood.
As best I can tell there is a lot of money on the sidelines waiting for the economy to provide some clarity. Once that happens the housing market will return and so will the BP volume.
- Contractor · Chicago, IL · Member since 2016 · 4k+ posts · 2k+ votes10mo
Wonderful Post and conversation starter @Drew Sygit!
I know for me personally, I've been on the BP sideline a bit more than usual...the front lines of the business needed more of my attention.
Aside from BP here in Chicago, everything does seem to be moving a bit slower. Decision-making from buyers, sellers, home renovations, etc.
I don't think it's a bad thing and am excited to get back into the investing game myself with a couple of flips coming up.
Quality Builders4.966 Reviews - 10moAmanda PamBusiness MemberReal Estate Agent · Rosemary Beach, FL · Member since 2025 · 4 posts · 0 votes
Yes the investment market here on Panhandle of Florida is picking up again. As we head into our slower period of rental season. We are seeing many investors picking up short term rental properties. With the incentives they are getting from the new tax plan more new to investing buyers are getting involved.
So I would definitely say its an investors market!
Beach Homes 4 U Team535 Reviews - Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes10mo
Agreed. I think the AI posts/replies don't help. I always skip past those, copy and pasted with no effort to edit.
- Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes10mo
Quote from @Drew Sygit:
Have communicated with a few long-time and active BP members and we're all noticing a slowdown in activity on the Forums.
Saw a report that investors bought just over 10% of Q2 properties sold, down from over 25% last year.
Many experts are saying that the real estate sales market is "gettng back to normal".
Seems the real estate investment sales market is probably doing the same thing.
What do YOU think?
According to Google Trends traffic looks to be at a 10 year low.
- Investor · Charlotte, NC · Member since 2017 · 25 posts · 10 votes10mo
I think if BP made it easier to filter and search for specific topics or date ranges, it would greatly benefit everyone. It's still incredibly noisy and manual to find exactly what you're looking for, by specific market, with relevant commentary. To me, it seems more micro in the user experience vs. macro in that there's less overall interest in investing.
- 10moBasit SiddiqiBusiness MemberAccountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
As an accounting professional, I am seeing less people asking about accounting services which is an indirect sign that traffic is down on the website and general interest in real estate is decreasing.
Basit Siddiqi CPA4.979 Reviews
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