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This is BS. The issue had little todo with AI, they could have used professional real estate valuers and had the same problem. This was caused by a faulty busi
by helsinkiandrew 5y ago
This is BS. The issue had little todo with AI, they could have used professional real estate valuers and had the same problem.
This was caused by a faulty business model - houses aren’t shares or bonds that can be flipped instantly. The feedback for their pricing model wasn’t known for three to six months after buying the houses, by which time they’d lost billions.