Artmarket.com: Q3 2024 revenue +13%. Study on AI search engines shows Artprice has the world's biggest, best and most useful art market database, thanks to its Intuitive Artmarket? AI

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In October 2024, Artprice by Artmarket has reached a new milestone with its Intuitive Artmarket? AI and its positive impact on annual recurring revenue growth.

PARIS, Nov. 14, 2024 /PRNewswire/ -- In mid-October 2024, Artprice by Artmarket began providing data trained by its proprietary artificial intelligence (Intuitive Artmarket?) to its high-end subscribers.

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Rather than imposing on its 9.3 million customers and members a radical transformation of its databases, which have been the reference in the art world for 27 years, Artprice by Artmarket has judiciously decided to gradually inject proprietary data from its AI into its Artprice databases, without it being specified initially.

This approach allows us to see the reaction of the Artprice customers who were given access to this highly enriched data.

Very quickly, Artprice saw that its Premium subscription containing its AI -enriched data (thanks to its Intuitive Artmarket?) became its annual subscription of choice, with its high-end annual subscriptions ranging from €439 to €769.

Likewise, Artprice noted a significant increase in Average Connection Time (ACT) of its single customer sessions.

Via an educational approach and its expertise in algorithms, deep learning, big-data analysis and its Intuitive Artmarket? AI, Artprice has seen significant growth in turnover as of mid-October as more customers chose the Premium subscriptions. On the other hand the customers showed  a strong interest in new data, where the relevance and the richness of these data present a great wealth of information and images never seen before in the art world.

Inspired by Marcel Duchamp and Henri Poincaré work on the infrathin/inframince, Artprice has adopted a highly singular and scientific approach to its Intuitive Artmarket? AI. Artprice is calling this approach  Blind Spot AI?.

Artprice's approach to AI is to avoid fuzzy set theory (aka 'fuzzy logic'), by using a method based on 'degrees of truth' rather than on the usual system based on 1 or 0 Boolean logic. This method searches in Boolean logic, but then delves into 'related' but nonetheless relevant connected elements.

Artprice has developed a unique approach to its Intuitive Artmarket? AI that it calls Blind Spot AI?. This revolutionary AI concept created by Artprice, seeks to capture the blind spots between structured data.

In art historical terms, an interesting analogy could be made with the notion of 'infrathin', an aesthetic and semi-scientific concept theorized by Marcel Duchamp, designating an imperceptible difference or interval – sometimes only imaginable, but nonetheless real – between two identified phenomena.