At the AI Safety Summit, conversations moved from Elon Musk's warnings to the vital need for AI regulation, especially around misinformation and privacy. The EU's taking the lead in AI governance, keen on protecting rights while encouraging innovation. At Fifth Dimension AI, we're fully on board with this approach, focusing heavily on privacy, precision, and keeping a human perspective in the mix. We're making our way through the AI regulation maze, aiming to enhance productivity and tackle misinformation head-on.

AI is coming for your job...or is it a replay of past tech panics?Like the uproar over the steam engine and social media, AI stirs debate.

Will it redefine or replace jobs? What lessons can we draw from history? Share your thoughts on AI’s impact in our ever-evolving work landscape.

In 2024, Fifth Dimension AI, guided by Dr. Kate Jarvis, is poised to introduce Ellie, an AI set to subtly yet significantly transform real estate. Focused on detailed market analysis and efficient document management, Ellie will enhance our foray into New York's property market, reflecting our dedication to thoughtful innovation in real estate.

Terms like ‘extend and pretend’ and ‘survive until 2025’ have become survival chants in the property sector. Amidst escalating debt and costly sustainability upgrades, the industry is in a tight spot. The financial impact is enormous: over £200 billion vanished from UK commercial real estate valuations in just nine months. What's often missed is a treasure trove of efficiency gains. I've seen countless examples of talent wasting time on tasks our AI could streamline in seconds.

In the evolving landscape of modern workplaces, the integration of LLM (Large Language Model) AI assistants like Ellie, from Fifth Dimension AI, are reshaping how people are managing everyday tasks. Much like the dynamic duos mentioned above, the sidekick enhances the hero's capabilities. Generative AI assistants are slowly but surely becoming indispensable in boosting productivity and efficiency.

An ABBYY survey carried out by Opinium Research in 2020 found that UK office workers waste approximately 40 working days a year on routine tasks that could be automated. The situation is even grimmer for senior decision-makers, who squander almost two hours a day, adding up to 54 working days a year. Imagine the potential. What could your top talents achieve if they had an extra 54 working days each year?

Options for juicing productivity tend to come with eye-watering price tags, take aeons to bear fruit, or simply aren't politically viable given today's climate. Enter generative AI, our glimmer of hope.

Fifth Dimension AI raise £2.3M in a pre seed round co-led by Anthemis’ Female Innovators Lab Fund and Seedcamp to enhance their AI assistant Ellie. Ellie automates the boring parts of jobs in document-heavy industries, freeing professionals to generate insights and broadcast their expertise.

The transformative potential of GenAI is undeniable. It offers the opportunity for people working in real estate to have technology that can genuinely shift the burden of their work days. GenAI could automate up to 60-70% of time-consuming tasks by 2045, resulting in a 25% boost in productivity.

To hit net zero at the required pace, a long sequence of smart decisions is needed. Decision-makers will be relying on mountains of data spanning energy efficiency, usage, optimisation, plus the usual flow of metrics investors use to build and manage portfolios. This is where generative AI steps in.