AI and the Turing Test

Following my previous post on AI vs AVMs , I thought it would be a good idea to put the AI to the “Tower Bridge Test”. There, the left side of the road is significantly more expensive than the right side. So, the question is: would the AI be able to learn the difference and predict prices with reasonable accuracy?

To answer this question, I selected two postcodes that are about 50 meters apart, one on each side and asked the AI to estimate the value of two hypothetical (but identical) properties on each postcode.

The result was very interesting. The AI valued the left side property 35% higher than the right side at £1,050,000 and £690,000 respectively (AI can value properties that are not on the market, it just needs to know their basic information).

Would AI be able to replace human valuers in the future?!

By Jaafar

Founder of AccuVal