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AI TECHNOLOGY COMES TO PROPERTY VALUATIONS HOMEMOVE LAUNCHES “HOMER” AI TOOL TO FIND OUT WHAT HOUSES ARE REALLY WORTH

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NORWICH, England, Sept. 13, 2023 /PRNewswire/ — Pioneering proptech home-moving platform Homemove, today launched its groundbreaking AI BETA valuation tool “Homer” and revealed that the average online property valuations are off by 13% – an average of £70,000 in London and £38,000 in the rest of the UK.

Homer harnesses the power of visual AI using image recognition and optical analysis to give the most accurate online property valuations available, unlike websites that can share property estimates which are off.
Homer uses over 20 data points and then visually analyses key property features from user uploaded images. It scans for structural damage, clutter, untidy rooms, and outdated interiors. Beyond simple data-driven estimates, this visual inspection captures the nuances of a home’s value, giving sellers a more comprehensive understanding of its real worth. Added to a data-driven price estimate, this visual inspection offers sellers the opportunity to find out what their home is really worth.
Developed to tackle the issues many face in an increasingly difficult to navigate housing market, Homer can harness everything from last sold prices to extensions and energy ratings and help sellers understand how they can attract more buyers.
Considerations that the Homer AI tool works to when looking at property images includes:
Poor Maintenance: Overgrown landscaping, chipped or peeling paint, broken windows, rusted gutters, and visible mould/mildew can be indications of neglect. These visual clues might suggest to potential buyers that the house may have other, unseen issues due to lack of care.Outdated Interiors: Dated wallpaper, old cabinetry, ancient appliances, worn-out carpets, and outdated bathroom fixtures can all make a home appear out of touch with current market preferences. Homes with updated interiors often command higher prices.Clutter and Messiness: While this is more about presentation than the house itself, photographs that show cluttered, messy rooms can make spaces appear smaller and less appealing. A clean, well-staged home is more attractive to potential buyers and can affect the perceived value.The research went on to show that 18% of online valuations were overestimated, 7% were  underestimated and a quarter of prices were out by more than 10%.
Nearly 1 in 7 of us are seeing our properties overvalued or undervalued by 20% or an average of £56,000.For 3% of properties, the online valuations were off by more than £200,000 from the actual listing priceHomer’s AI technology aims to enhance the valuable work of estate agents, by providing preliminary assessments and then connecting customers with professionals to guide them through the process.
James Freestone, COO and Co-Founder of Homemove said “Homer serves as a bridge, linking customers with human estate agents. Visual inspections remain vital in real estate, revealing clues that shape property value. With Homer, this takes these insights to a new level, analysing visual features in photographs to make even more accurate predictions.”
“We are really excited to embrace technology’s power and imagine a better world of property valuation that puts human insight and expertise at its core.”
Homemove is an easy to use property platform which aims to connect millions of home movers with the best rated service providers to take the stress out of the moving process.
Homer is designed to link customers with local estate agents who can provide an appropriate and accurate valuation, building trust and fostering a more informed, satisfying experience for buyers and sellers.
Louis O’Connell-Bristow CEO and Co-Founder of Homemove added “For those looking to sell, understanding Homer’s  insights means they can stage or modify their homes to appeal to the widest range of potential buyers, potentially speeding up the sales process and securing a better price.”
“Knowledge is power. By providing these insights to regular people, they can negotiate sales or purchases with more confidence, knowing they’re backed by data-driven insights. In essence, our platform’s analytics not only decode the world of property design and valuation but empower everyday homeowners to optimise their spaces and investments in the most rewarding ways.”
Homemove connects over 500 of the UK’s best estate agents with thousands of customers seeking valuations across the UK. Trusted estate agents already on our platform will benefit from Homer for free; a website plugin will also be provided at no cost to these estate agents upon request.
Notes to editors:
Research conducted by Homemove comparing major online valuation tools using a range of property listings in September 2023.
For more information and to test the tool visit www.homemove.com.
For media inquiries, please contact:[email protected] 909328
About Homemove:
Homemove is the UK’s leading proptech innovator, revolutionising the home moving experience for individuals and families nationwide. With a commitment to simplifying and enhancing the moving process, Homemove connects users with a comprehensive network of trusted service providers and offers cutting-edge tools like “Homer,” our beta valuation tool.
Our approach combines technology’s power with human insight, ensuring that every move is not just a transaction but a seamless, personalised journey. As a pioneer in the industry, Homemove isn’t just about moving homes; it’s about redefining the way people experience one of life’s most significant transitions. For more information, please visit www.homemove.com
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View original content:https://www.prnewswire.co.uk/news-releases/ai-technology-comes-to-property-valuations-homemove-launches-homer-ai-tool-to-find-out-what-houses-are-really-worth-301925267.html

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Eye Level holds its 2024 Eye Level Math Olympiad for students to test out their math skills.

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SEOUL, South Korea, Oct. 17, 2024 /PRNewswire/ — Eye Level is hosting the 2024 Math Olympiad (ELMO 2024), inviting students from grades 1 to 8 worldwide to showcase their math skills. The competition will run from November 9 to December 1, following each country’s schedule across 15 countries.object

This Olympiad, part of the annual Eye Level Math Olympiad series established in 2004, offers students a valuable opportunity to assess and enhance their mathematical abilities. The test lasts approximately one hour and is designed to challenge students across various areas of math skills, covering most arithmetic and critical thinking domains. Questions are tailored to each grade level, allowing students to evaluate their skills objectively.All participants will receive a certificate of participation and a comprehensive analysis of their test results. Official results and winners will be announced in January 2025 on myeyelevel.com, with award ceremonies planned to be held locally for outstanding participants.
Registration is currently open on myeyelevel.com.
About Eye Level
Eye Level is an international provider of supplemental education services in Math and English with more than 2 million students having experienced its programs. Eye Level guides the students to learn at their own pace, and achieve their goals. With a growth-minded learning process, Eye Level helps students build good learning habits that become the foundation of great talent – setting them up for success in school and beyond. 
Photo – https://mma.prnewswire.com/media/2533165/p14_1_ELMO.jpg

View original content:https://www.prnewswire.co.uk/news-releases/eye-level-holds-its-2024-eye-level-math-olympiad-for-students-to-test-out-their-math-skills-302278994.html

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Artificial Intelligence

n2 Group Advances HPC/AI Portfolio by Acquiring Managed Services Company X-ISS

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OXFORD, England, Oct. 17, 2024 /PRNewswire/ — n2 Group, the transformative computing technology investment company, announces the acquisition of high-performance computing (HPC) and AI specialists, X-ISS. The addition of X-ISS expands the Group’s portfolio– joining NAG, VSNi, BioTeam and STAC—as it accelerates advancements in technology and computation, underpinned by innovation, technical excellence, and a focus on long-term growth.

n2 Group invests selectively in technical computing companies with deep business impact in a variety of sectors, providing operational support and a collaborative approach to innovation and business transformation. The addition of X-ISS will further strengthen the Group’s already strong HPC/AI credentials, with NAG, STAC and BioTeam already adding to this space. 
X-ISS is a pioneer in Managed Services specifically designed for HPC/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC/AI systems. The integration of X-ISS into n2 Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity in industry. 
X-ISS will operate as an autonomous business within the n2 Group, maintaining its brand, identity and ethos. n2 Group’s status as an independent, member-backed organisation with no external financial stakeholders allows X-ISS to continue providing impartial advice based on the technology needs and challenges of its clients. Inter-group synergies will enable greater innovation and collaboration, advancing the Group’s position and long-term HPC/AI market impact. 
“X-ISS strengthens the n2 community in the strategically important area of HPC/AI”, said Adrian Scales, Snr Director of Investments and Partnerships at n2 Group. “As a respected boutique HPC service provider, X-ISS is helping clients navigate an increasingly complex landscape in terms of technologies and software integrations with AI and analytics. The acquisition strongly complements the Group’s existing HPC professional services capability, and we are delighted to have them on board.”
“This is an important milestone for X-ISS.”, said Deepak Khosla, CEO X-ISS, “The partnership with n2 Group will enable us to enhance our flagship ManagedHPC solution by leveraging n2’s complementary services and product developments, allowing us to deliver even greater value to our customers. As businesses face increasing challenges with complex technologies like AI and cloud computing, we’re now better equipped to support them with the same quality, passion, and partnership that defines X-ISS. I am excited about the opportunities this can bring for current and future X-ISS customers.”
About n2 Group  
At n2 Group we are transforming computing and technology investment with a radical new approach. Our businesses are all established, purpose-driven market-leaders in computing products or services. We stimulate long-term sustainable growth through group-level support in strategy, business development, innovation, and operations. With no shareholders or external financial interests, we reinvest all profits back into the group or to the community, reinforcing our commitment to positive social impact through technological advancements.    
n2 Group companies are at the forefront of computing and IT infrastructure, helping clients in various sectors to be more productive, innovative or reduce risk through advanced software and services. Rapidly expanding in high-performance computing, artificial intelligence, and scientific computing, our businesses maintain their unique brands and identities, but benefit from the expanded network available through the group.   
n2 Group Companies  
•  BioTeam: Scientific computing consultancy integrating technologies, data, and cultures to accelerate science. 
•  NAG: Advanced products and services in algorithms, optimization, high-performance computing and AI. 
•  STAC: Independent financial services technology research and community events. 
•  VSNi: Proven statistical solutions and data expertise driving innovation and success.  
•  X-ISS: Industry leading management and analytics solutions for HPC/AI systems.
For more detailed information and the latest updates, visit n2 Group. 
Logo – https://mma.prnewswire.com/media/2271328/n2_Group_Logo.jpgLogo –  https://mma.prnewswire.com/media/2533549/XISS_Logo.jpg
 

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Artificial Intelligence

TIE 2024 Unveils a New Era of Innovation

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A New Era of AI-powered Innovation and Industrial Revolution: Driving Integration of Smart Tech into Daily Life.
TAIPEI, Oct. 17, 2024 /PRNewswire/ — The 2024 Taiwan Innotech Expo (TIE) kicked off today at Taipei World Trade Center with a focus on “Smart Tech Island –The New Era of AI.” This year’s event showcases over a thousand advanced technologies and research achievements across six key areas: digital information, data security, precision health, defense, green and renewable energy, and civil and military resilience, heralding a new chapter in the technological evolution of industries.

Online and On-Site Exhibitions Offers Comprehensive Access to the Latest Innovations
TIE 2024 offers a seamless blend of virtual and physical experiences. Visitors can explore technologies, register for events, and plan their visit online before the expo opens. During the expo period, the event website provides essential tools such as e-meeting requests, product maps, and program registration. For those who were unable to attend in person, online attendees can view exhibits and access business negotiation records even after the expo is closed, fostering ongoing collaboration and opportunities. As a leading platform for technological innovation exchanges in Taiwan, TIE 2024 showcases the nation’s advancements in AI and smart technologies. This event is anticipated to drive industry transformation and opens new chapters in technological innovation.
Official Website: https://tie.twtm.com.tw/en

View original content:https://www.prnewswire.co.uk/news-releases/tie-2024-unveils-a-new-era-of-innovation-302279310.html

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