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Zillow Shut Down Zillow Offers Division Allegedly Due to Predictive Pricing Tool's Insufficient Accuracy
Zillow's AI-powered predictive pricing tool Zestimate was allegedly not able to accurately forecast housing prices three to six months in advance due to rapid market changes, prompting division shutdown and layoff of a few thousand employees.
- Date it happened
- 2021-11-02
- Organisation involved
- Zillow
- Product, system or model
- Zestimate is a machine learning-assisted estimate of a home's market value that is calculated by taking into account data about the property gathered from sources including tax and property records, h
Where this came from
Attribution
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