On August 15, 2024, reAlpha Tech Corp., a real estate technology company listed on Nasdaq under the symbol AIRE, announced the launch of reAlpha AI Labs. This new research and development initiative aims to develop, partner with, and potentially invest in artificial intelligence startups. The company expects that the products and technologies from these partnerships will enhance Claire, reAlpha's generative AI-powered, commission-free home buying platform. The launch of AI Labs is part of reAlpha's strategy to foster innovation and growth in the AI sector, which saw a significant increase in global investment in 2023. reAlpha also plans to collaborate with universities to boost its R&D capabilities. The announcement was made through a press release, which is furnished as...Show More

On August 15, 2024, reAlpha Tech Corp., a real estate technology company listed on Nasdaq under the symbol AIRE, announced the launch of reAlpha AI Labs. This new research and development initiative aims to develop, partner with, and potentially invest in artificial intelligence startups. The company expects that the products and technologies from these partnerships will enhance Claire, reAlpha's generative AI-powered, commission-free home buying platform. The launch of AI Labs is part of reAlpha's strategy to foster innovation and growth in the AI sector, which saw a significant increase in global investment in 2023. reAlpha also plans to collaborate with universities to boost its R&D capabilities. The announcement was made through a press release, which is furnished as Exhibit 99.1 to the Current Report on Form 8-K filed with the SEC. The press release includes forward-looking statements regarding the anticipated benefits of AI Labs, reAlpha's growth strategy, and the future of the real estate and AI industries. However, these statements are subject to various risks and uncertainties, as detailed in the company's SEC filings.