![]() Innodata (NASDAQ:INOD) artificial intelligence software is winning major new contracts. We own the IP and will be showing it to other potential customers next year.” What we’re building is a $2.4 million-a-year subscription product that they’re already paying for. ![]() It helps you track the regulators, helps you identify changes in law, helps you even identify prospective changes in law.Īnd then it automatically connects that change or potential change to the areas of your business that are or could be impacted. The platform that we are developing helps do all of that. You need to know what’s changed and then you have to know how it impacts your business. So if you’re a regulated entity, one of the problems you have is knowing when the expectations of the regulator have changed. We’re developing a platform to help banks comply with global regulation. ![]() I think, eventually, where that gets them is the thing that used to take three hours will take them about ten minutes… They recently told us that what used to take them three hours is now taking them 45 minutes using our AI-enabled platform.Īnd we are just at phase one in what will likely be three phases of this project. Just as an example, we are working with one of the largest banks in the world right now, looking at the way they perform certain work and we are building new generative AI-enabled platforms that will help you do this work in a fundamentally different way. The new interface is going to be conversational.Īnd the work that people do - that is going to fundamentally change as well. “The way that we use computers today for mundane tasks - booking airline fares, renting an apartment, shopping online, getting tech support - it’s all going to change. (NASDAQ:INOD) CEO explains the target markets for his artificial intelligence software. Abuhoff holds a B.A degree in English from Columbia College (1983) and a J.D. He practiced international corporate law at White & Case LLP from 1986 to 1992. Abuhoff was employed by Chadbourne & Parke, LLP in connection with its joint venture with Goldman Sachs to develop capital projects in China. Abuhoff has focused Innodata on helping information and media companies create and maintain leading information products.įrom 1995 to 1997 he was Chief Operating Officer of Charles River Corporation, an international systems integration and outsourcing firm. Abuhoff served as Chairman of the company’s board of directors from May 2001 to June 2020. since September 15, 1997, and a director of the company since its founding in 1988. Abuhoff has served as President and Chief Executive Officer of Innodata Inc. (NASDAQ:INOD) has been developing artificial intelligence software for 7 years and this R&D investment has been winning major contracts. Jack Abuhoff, CEO and President, Innodata (NASDAQ:INOD)
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