Rightmove CEO Confident in AI Adaptation for Property Portals

Rightmove's CEO expressed confidence in the company's ability to adapt and thrive amid the rise of artificial intelligence in the property sector. Bloomberg posted on X, highlighting the CEO's belief that Rightmove and similar property portals will continue to be relevant despite technological advancements. The CEO emphasized that while AI is transforming various industries, the human element remains crucial in real estate transactions. He noted that AI can enhance the user experience by providing more personalized property recommendations and streamlining processes, but it cannot replace the expertise and personal touch of real estate professionals. Rightmove, a leading property portal, is focusing on integrating AI technologies to improve its platform and offer better services to users. The company aims to leverage AI to analyze data more effectively and provide insights that can assist both buyers and sellers in making informed decisions. The CEO's comments come at a time when many industries are grappling with the implications of AI and automation. However, he remains optimistic about the future, stating that the combination of technology and human expertise will lead to a more efficient and effective property market.