REA Group’s new chief executive Cameron McIntyre says he is confident the real-estate listings platform will not be replaced by artificial intelligence, signalling plans to invest heavily in the technology to improve the experience for customers.
Shares in REA and other software-reliant companies plunged to 12-month lows earlier this week over concerns they would be usurped by the fast evolution of artificial intelligence. But McIntyre, who began his new role in November, said AI was a significant opportunity for the $24 billion company.
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