JLL (NYSE: JLL) is revolutionizing the commercial real estate industry with the launch of JLL Falcon, its groundbreaking AI platform. This innovative platform harnesses the power of AI-enabled software services to unlock the potential of JLL’s vast proprietary data. By integrating generative AI models, JLL Falcon delivers real-time insights that drive revenue growth, cost reduction, and optimized returns.
Mihir Shah, CEO of JLL Technologies, envisions JLL Falcon as the catalyst for future innovation in CRE. The platform seamlessly blends JLL’s deep industry knowledge with cutting-edge technology, streamlining operations and delivering superior results for both employees and clients.
With features such as multi-modal AI foundation models, robust data pipelines, security and privacy measures, natural language processing, and advanced analytics capabilities, JLL Falcon will support a variety of CRE applications, including custom assistants. Its open architecture integrates top-tier internal and external technologies, streamlining JLL’s research, data extraction, analysis, and delivery of reliable insights.
Additionally, JLL Falcon will enhance JLL GPT™, the first generative AI assistant specifically designed for the CRE industry. Launched in August 2023, JLL GPT™ has empowered JLL’s workforce to generate highly specialized insights based on meticulously curated datasets, ultimately leading to improved client outcomes.
Yao Morin, JLL’s Chief Technology Officer, highlighted the success of empowering CRE professionals with innovative AI tools. JLL Falcon will further elevate this capability, unlocking a new era of custom, AI-driven solutions that will redefine the future of real estate.
Since its launch last year, JLL GPT™ has been rapidly adopted by both technical and non-technical teams, with over 47,000 JLL professionals leveraging it to deliver more creative and tailored solutions for clients. Recent enhancements, including image understanding, an expanded knowledge base, and significantly increased working memory, have further solidified its position as an indispensable tool.
JLL’s AI-driven approach empowers the people who shape the future of real estate: designers, sellers, investors, operators, managers, and occupiers. As generative AI reshapes the commercial real estate sector, JLL is at the forefront of this transformation, with exciting new solutions on the horizon.
