AI Index / Zillow Group, Inc. Class A
Zillow Group, Inc. Class A (ZG)
Real estate marketplace Zillow derives revenue from residential listings, rentals, and mortgages. The company initially expanded its business with Zillow Offers, an AI-powered iBuying program intended to buy and sell homes directly, but exited this venture in 2021 amid unpredictable market risks and financial challenges. Currently, Zillow is focusing on enhancing its digital transaction experience with AI-powered tools like Zillow Showcase, which uses AI-driven media and floor plans to improve listing engagement. While AI contributes to better customer experiences, particularly in listing presentations, it remains a supporting component within Zillow's broader real estate services model.
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We're excited about the partnership integration we did with OpenAI to be the first real estate app and one of the first apps in this new paradigm.
- Jeremy Wacksman
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Quotes from zillow Executives About Artificial Intelligence and Generative AI
We're also equally excited about the ability to build AI into Zillow. As you know, we've been doing that for the last 20 years and really accelerate that effort the last 3 or 4 as these capabilities have come online.
- Jeremy Wacksman
And in Q3, we launched AI-powered virtual staging on Showcase listings. This new feature uses computer vision to restyle rooms instantly with just a tap.
- Jeremy Wacksman
We recently announced the upcoming launch of our Zillow Pro offering. Through Zillow Pro, the expansion of our serviceable addressable market sets us on a path to engage more customers and more agents.
- Jeremy Wacksman
Many folks who are on Zillow Pro and using this stack of software will become eligible to be part of Zillow Preferred as well.
- Jeremy Wacksman
We're focused on demonstrating value for the product and incorporating learnings to support continued innovation.
- Jeremy Hofmann
We are the company that is innovating rapidly to apply new technology where it matters most, improving the customer journey and helping real estate professionals succeed in the age of AI.
- Jeremy Wacksman
We continue to invest in a growing set of features within Follow Up Boss. Recent updates include real-time call transcripts and smart summaries.
- Jeremy Wacksman