Curious about what artificial intelligence has to offer home builders but unsure about what the terminology means?
Here's a quick guide to some key AI-related lingo:
Artificial Intelligence (AI): The simulation of human intelligence in machines that are programmed to think and learn like humans.
Machine learning: A subset of AI that enables machines to learn from data and improve their performance over time without being explicitly programmed.
Generative AI: Artificial intelligence that uses algorithms to create new and original content, such as text, images, or music, by learning and mimicking patterns from existing data.
Predictive AI: Artificial intelligence that uses machine learning to make informed predictions about future events or outcomes across domains such as finance, real estate, and safety.
Deep learning: A type of machine learning that uses neural networks with many layers (deep neural networks) to analyze and learn from data.
Natural language processing: A field of AI that focuses on the interaction between computers and humans using natural language, enabling machines to understand, interpret, and generate text that feels like it’s written by a human.