How Artificial Intelligence can be used for negotiations


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Message 1059 - Posted: 26 Jan 2021, 4:35:43 UTC

Like a good deal? Maybe a hagglebot can help

Earlier this month, the Olympics for hagglebots was held: the 11th annual competition for artificial intelligence (AI) that has been trained to negotiate.

From the article:
... But now horse-trading artificial intelligence that can act on its own has begun appearing in business.

If you sell to Walmart, you might have already met one. An AI system developed by Pactum was tested by the giant US retailer.

A chatbot contacts suppliers, and invites them to renegotiate together contracts over things like price and payment terms.

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Message boards : Cafe : How Artificial Intelligence can be used for negotiations

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