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Washington D.C. company launches AI chatbot for real estate industry

The free, for now, AI tool is meant to assist real estate professionals with their finances.


  • By Louis Llovio
  • | 4:05 p.m. June 4, 2024
  • | 2 Free Articles Remaining!
  • Florida
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For those afraid of robots taking over, the time to worry may have arrived.

Washington, D.C. based Alchemy of Money has launched an artificial intelligence chatbot geared toward those in the real estate industry.

According to the company, Alchemy AI is both text and voiced enabled and was created to work with real estate professionals to strategize taxes and financials. The company says it is “highly-trained” and has access to more than 150,000 data points.

For now, it is free for any real estate professional to access.

The chatbot’s capabilities are:

  • Real-time financial strategy guidance.
  • Tax decoding assistance.
  • User-friendly interface.

As for who or what Alchemy of Money is, this is how the chatbot described the company to  the Business Observer:

“Alchemy of Money is a tech-enabled financial services company specifically designed for real estate entrepreneurs. We provide a comprehensive suite of services including bookkeeping, tax strategy and filing, fractional CFO services, and financial coaching. Our approach is highly personalized, recognizing that each entrepreneur's financial journey is unique. We're not just about managing numbers; we aim to transform our clients' financial practices to help them achieve greater clarity, efficiency and ultimately, financial freedom. Our services are tailored to help real estate professionals streamline their financial operations and grow their wealth effectively.”

Based on that response, the chatbot obviously has at least one thing in common with its real estate clientele: It knows how to sell itself.

 

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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