Proprietary purpose-built AI platform for CRE
will leverage the best of human and machine learning,
generating insights for employees and clients
New platform will enable significant
enhancements for JLL GPT™
CHICAGO, Oct. 29,
2024 /PRNewswire/ -- JLL (NYSE: JLL) today announced
the launch of its artificial intelligence (AI) platform, JLL
Falcon, designed to accelerate the digital transformation of
the commercial real estate (CRE) industry. The new platform is a
cutting-edge set of AI-enabled software services that combines
JLL's vast and comprehensive proprietary data with generative AI
models to deliver timely, revenue-generating and cost-saving
insights, as well as maximize returns. This revolutionary platform
for the CRE industry will chart the future course for JLL's AI
journey.
"JLL Falcon will serve as the foundation for the continued
innovation of products and services that help shape the CRE
industry," said Mihir Shah, CEO, JLL
Technologies. "The platform combines JLL's extensive expertise with
some of the most advanced technology available today, transforming
how we work and paving the way to deliver enhanced outcomes for the
benefit of our people and our clients."
Featuring multi-modal AI foundation models, data pipelines,
security and privacy features, natural language and semantic
processing layers and advanced analytics capabilities, JLL Falcon
will power a wide range of CRE applications, including custom
assistants. Additionally, the platform's open architecture
seamlessly blends best-in-class internal and external technologies
to streamline JLL's approach to researching opportunities,
extracting and analyzing complex data and delivering trustworthy,
actionable insights.
JLL Falcon will also power the next iteration of JLL GPT™, the
first generative AI assistant purpose-built for the CRE industry,
which, since being introduced in August
2023, has provided JLL's entire workforce with the
capability to create specialized insights based on curated datasets
to deliver better client outcomes.
"We've had great success putting game-changing AI capabilities
into the hands of our CRE professionals, to augment and amplify
their unmatched expertise," said Yao
Morin, JLL's Chief Technology Officer. "JLL Falcon will
build on what we've already achieved and unlock even more custom,
AI-enabled solutions that help shape the future of real estate for
a better world."
Since launching JLL GPT™ last year, JLL has seen rapid adoption
rates across both technical and non-technical roles. More than
47,000 JLL professionals have already used the tool to provide more
creative, customized solutions for clients. Most recently, JLL
GPT™ has gained powerful new capabilities such as image
understanding, an enhanced knowledge base and 25 times more working
memory than its inaugural version.
JLL's approach to AI is driven by the people who build, sell,
invest, operate, manage and inhabit space. As generative AI is
expected to revolutionize the commercial real estate industry, JLL
is poised to lead the sector into the next stage of transformation,
with new solutions slated to launch later this year.
To learn more about how JLL is delivering AI innovations to
influence the future of CRE, read more here.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial
real estate and investment management company, has helped clients
buy, build, occupy, manage and invest in a variety of commercial,
industrial, hotel, residential and retail properties. A Fortune
500® company with annual revenue of $20.8 billion and operations in over 80 countries
around the world, our more than 110,000 employees bring the power
of a global platform combined with local expertise. Driven by our
purpose to shape the future of real estate for a better world, we
help our clients, people and communities SEE A BRIGHTER
WAYSM. JLL is the brand name, and a registered
trademark, of Jones Lang LaSalle Incorporated. For further
information, visit jll.com.
Contact: Jesse Tron
Phone: +1 212-376-1215
Email: Jesse.Tron@JLL.com
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SOURCE JLL-IR
