Bill Brown, CEO of property-visualization company Matterport, talks to Cheddar about how technology...from virtual reality to 3D printing, is influencing the real estate market in our "House Rules" segment sponsored by Chase Home Lending.
Matterport provides 3D and virtual reality models as a medium for real estate agents to show off properties. Brown talks about how millennials are in an "always-on" mode and crave an interactive connection with almost everything. He says young adults are more likely to buy a property, sight unseen, than any other generation.
And although seeing houses through a virtual reality headset or a 3D model can save a lot of time and money for the buyer, it still doesn't necessarily eliminate the need to see the house in person. Brown says there are certain circumstances where it will be most useful, for example moving across the country or wanting to invest overseas.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Parents of teenagers who died by suicide after interacting with AI chatbots are set to testify before Congress.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Federal Trade Commission has launched an inquiry into several social media and artificial intelligence companies about the potential harms to children and teenagers who use their AI chatbots as companions.
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
