In our latest roundup, wildfires wreak havoc in Maui, JLL unveils an AI specifically for commercial real estate, the lasting effects of the CHIPS ACT, and more!
- So far, 11,000 JLL employees have used the company’s new proprietary large language model that has generative AI capabilities specifically for the commercial real estate industry. (Lindsey Wilkinson, Construction Dive)
- Since the enactment of the CHIPS Act, manufacturing activity has boomed with a nearly 80% increase from June 2022. (Sebastian Obando and Julia Himmel, Construction Dive)
- Construction-tech-focused investors among others have poured $35 million into an Israeli startup that develops leakage detection technology using artificial intelligence to prevent water damage. (Sharon Wrobel, Times of Israel)
- Just as the wildfires began in Maui, the U.S. Department of Housing and Urban Development (HUD) announced $21.3 million in funding to support the housing needs of low-income Native Hawaiian families. (U.S. Department of Housing and Urban Development)
- Corporate America remains committed to their ESG goals; however, recent earnings calls show the term itself being reduced in usage. (Eleanor Hawkins, Axios)
- AI companies are starting to reignite San Francisco’s technology commercial real estate market after several years of drop off. (Beatrice Nolan, Business Insider)
- With tensions mounting, cybersecurity officials warn of China’s possible destructive attacks on U.S. critical infrastructure. (Kevin Collier, NBC)
- Government-funded infrastructure projects will expand requirements for use of American-made materials and products after being finalized by the White House Office of Management and Budget (OMB). (David Shepardson, Yahoo)