Blackstone, Brookfield Are Betting On Custom AI — And Proptech Could Pay The Price
A surge of AI investment from Wall Street titans is pushing commercial real estate toward a future where major firms build their own AI systems, potentially sidelining the proptech platforms that have dominated the past decade.
Anthropic and OpenAI’s new multibillion‑dollar ventures promise custom-integrated enterprise tools designed for corporations, which could include CRE operations such as underwriting and portfolio management.
The shift suggests artificial intelligence companies are moving upstream, targeting the core workflows proptech firms once sought to modernize. If custom AI becomes cheap and ubiquitous, the need for external software solutions could wane, forcing proptech companies to rely on their role as the…
