South Korean Startup AI Auction Develops Tax Consultant Chatbot

Date: 2023-10-25 Author: Dima Zakharov Categories: TECHNOLOGY
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AI Auction, a South Korean startup, has unveiled K-engine, a chatbot designed to serve tax consultants with accurate and reliable information on tax regulations. While AI-powered chatbots have become increasingly common, K-engine distinguishes itself by its unique approach to information gathering.

Unlike OpenAI's ChatGPT, which relies on vast amounts of internet data to train its models, K-engine utilizes a specialized legal database. This database is meticulously compiled and verified by legal experts, ensuring the accuracy and reliability of the information provided. This approach addresses a critical concern with generative AI models: the potential for disseminating false or unverified information.

K-engine is currently undergoing further testing to enhance its performance with minimal data input. The goal is to make it applicable across various legal sectors, expanding its services beyond tax regulations. AI Auction's CEO, Pak Jeong Bae, stated, "We plan to broaden our range of services to encompass the entire taxation sphere, including value-added tax, property tax, and inheritance tax."

This innovative development from AI Auction has the potential to revolutionize how tax consultants access and utilize information, offering them a trusted and accurate resource to better serve their clients. As K-engine undergoes further refinement, it could become a valuable tool in the field of tax consulting, offering real-time, reliable information to professionals in the legal and financial sectors.

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