This month’s roundup of news from the technology sector includes: AI helps hotel profitability; tech funding targeting real estate; and more.
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AI could drive hotel profitability
New research from Colliers International shows that artificial intelligence could help hoteliers unlock new revenue and reduce costs when paired with technology like voice and facial recognition, virtual reality and biometrics, Forbes reports.
The study notes that by 2025, those technologies could combine to fuel a 10% increase in hotel revenue and a 15% decrease in costs. It also states that 73% of manual activities in hospitality could potentially be automated.
“With technologies like AI and automation quickly maturing, the hospitality and travel and tourism industry must prepare for a wave of disruption in order to reap the overall benefits of these technologies,” Danielle Curtis, Exhibition Director ME for Arabian Travel Market, told Forbes.
California, federal government fight over net neutrality
Soon after California passed a new law giving the state net neutrality protections similar to those recently dropped by the Federal Communications Commission, the U.S. Justice Department filed suit to block the law from taking effect, Wired reports.
According to Wired, the California law in part “bans broadband providers from exempting their own content from data caps while charging for data used by competitors.”
But Justice Department officials claim the FCC rules and the U.S. Constitution supersede state law in this circumstance. A statement from Attorney General Jeff Sessions notes, “Under the Constitution, states do not regulate interstate commerce—the federal government does."
Tech investments targeting real estate
While it’s largely focused on residential real estate at the moment, venture capital firms have shown a strong interest of late in tech startups that focus on the real estate space, according to The New York Times. The newspaper reports real estate tech startups raised $3.4 billion in 2017, a five-fold increase when compared to 2013.
Compiled by Sean McCracken.