As we enter 2025, the construction industry is actively exploring artificial intelligence, with major companies like Balfour Beatty and Skanska developing tools to enhance their operations. One emerging technology is agentic AI, which builds on generative AI by enabling software to act independently, offering solutions for complex issues rather than just simple inquiries. While some ...
As the construction industry embraces new technology, the focus is shifting towards “agentic AI,” a more advanced type of artificial intelligence. This technology not only processes data but can also act autonomously, potentially transforming project management, risk assessment, and resource optimization. Major companies, like Balfour Beatty and Skanska, are developing their own AI tools, while ...
Oracle has introduced new AI features in its Textura Payment Management Cloud Service, aimed at helping subcontractors in the U.S. receive immediate, personalized support regarding payment statuses and document signing. This innovative AI assistant allows subcontractors to quickly ask questions about their payments, simplifying a once complicated process. With over 200,000 subcontractors already using Textura, ...
Jones, an AI-driven software company focused on insurance verification for real estate and construction, has successfully raised $15 million in Series B funding, led by NewSpring Capital. This investment will support the launch of GenAI Agents, innovative tools designed to streamline the collection and verification of insurance documents. Jones aims to enhance efficiency and reduce ...
Holcim Ltd. is seeing a boost in business following recent hurricanes that caused billions in damage across the US. With many homeowners rushing to repair their roofs, the demand for construction materials is surging. This increase in business is a silver lining for Holcim as they capitalize on the urgent need for rebuilding efforts in affected areas.
