Artnet develops a chatbot cat powered by AI to revolutionize the way in which the art world engages with the auction data. Scheduled for the publication of mid-2025, this innovative tool will use important language models and advanced data processing to provide intelligent information in real time.
By analyzing millions of auction files, the Artnet chatbot will offer users – collectors to institutions and galleries – instant access to historical trends, market movements and price forecasts. This marks a significant passage of traditional static data tools to a more dynamic and conversational approach.
Jacob Pabst, CEO of Artnet, shared this progression in the processing of data on auctions: “It is not only a question of accessing the data faster: it is a question of rethinking the way in which we interact with the ‘Market intelligence.
Image credit: Artnet