on Artmarket.com (EPA:PRC)
Artmarket.com is banking on AI to boost its business in 2024
Artmarket.com recently announced a 4% increase in revenue for the first quarter of 2024, strengthening its business with the integration of Intuitive Artmarket® AI. This technological advance, being deployed in Artprice services, promises a significant intensification of subscriptions and high value-added services.
The company, which adopted IFRS 15 standards without altering the conditions of its contracts, is moving towards enriching its offer with services based on AI, expected to considerably boost the art market. This technology should allow users, as declared by the company, to benefit from an improved interface and advanced features dedicated specifically to the art market.
Artmarket.com also looks to the future with optimism, anticipating a significant increase in its recurring revenue thanks to subscriptions influenced by AI technologies, starting in 2024 with a basic subscription of €990 per year.
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