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ChatGPT’s advanced, yet user-friendly, AI capabilities have led to its massive popularity. Despite its abilities, its assistance has been limited to text — but that is all about to change.

Haven’t heard of ChatGPT before? Check out this article.

Introducing the next evolution of AI tools

Last week, OpenAI (the company behind ChatGPT) unveiled GPT-4, its new AI model that accepts both text and image inputs and outputs text. Yes – ChatGPT will soon be able to read images. Given how visual real estate is, this provides a whole host of possibilities for agents to deliver a better user experience to buyers and sellers.

“GPT-4 can solve difficult problems with greater accuracy, thanks to its broader general knowledge and problem solving abilities. GPT-4 is more creative and collaborative than ever before. GPT-4 can accept images as inputs and generate captions, classifications, and analyses. – OpenAI

This means that you’re going to be able to input a unique image – potentiall of a new listing that you’re taking to market – alongside a set of clear instructions, questions, or opinions, and GPT-4 can return a structured answer that uses both sets of data as inputs.

For example, you could upload an image of a kitchen, and ask GPT-4 what brand of appliances are visiable and to write a more detailed overview of the kitchen, including its style, to create a more compelling property description.

One of the examples OpenAI provided to showcase this feature shows ChatGPT scanning an image in an attempt to figure out what about the photo was funny, per the user’s input.

GPT4 is now available through a Pro subscription with ChatGPT ($20usd p/month) but you will have to wait a bit longer for the image input feature since OpenAI is collaborating with a single partner to get that started.

Interested in creating AI generated images based on a text prompt? Check out OpenAI’s DALL·E 2 – an AI system that can create realistic images and art from a description in natural language.

In this example, we ask DALL-E 2 to create an image for a “Realistic modern penthouse apartment in Sydney Australia with views of the opera house, at sunset”:

Looking for copyright-free images to use in blog posts, social media posts, emails etc? DALLE-2 might just be your best friend.

If you are disappointed about not having a text-to-video generator, tech giants such as Meta and Google already have models in the works. Meta has Make-A-Video and Google has Imagen Video, which both use AI to produce video from user input.

In closing

Chat GPT has become wildly popular, becoming the fastest-growing consumer app in history to reach 100 million users.

The rapid pace of innovation in the field of artificial intelligence is truly remarkable, and its impact on industries such as real estate is becoming increasingly apparent. As AI tools like GPT-4 continue to evolve and revolutionise various aspects of business, it is essential for professionals to maintain a curious and open mindset.

By staying informed and embracing the transformative power of these cutting-edge technologies, real estate agents can ensure that they remain at the forefront of their industry and avoid being left behind in the digital age. The future of real estate, and indeed all sectors, will be deeply intertwined with AI, making it more important than ever to adapt and evolve with the changes it brings.

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