AI Auction Bidding System and Method Patent Application
Summary
The USPTO has published a patent application (US20260087545A1) for an AI-based auction bidding system and method. The application describes a system where an AI bot interacts with a client via voice prompts to confirm bids before transmitting them to an auction site. The filing date was September 20, 2024.
What changed
This document is a published patent application for an "ARTIFICIAL INTELLIGENCE BASED AUCTION BIDDING SYSTEM AND METHOD THEREOF" filed with the USPTO. The application details a system where an AI bidding bot initiates contact with a client, presents disclaimers regarding bid finality and liability, receives bid confirmations via voice prompts, converts these to text, updates a database, and transmits the confirmed bid to a central auction site. The application was filed on September 20, 2024, under application number 18891552.
As this is a patent application, it does not impose immediate regulatory obligations or compliance deadlines on businesses. However, if granted, the patent could affect companies involved in developing or utilizing AI-driven bidding systems, potentially requiring licensing or impacting competitive practices in online auctions. Compliance officers should note this as a potential future development in intellectual property related to AI and e-commerce technologies.
Source document (simplified)
ARTIFICIAL INTELLIGENCE BASED AUCTION BIDDING SYSTEM AND METHOD THEREOF
Application US20260087545A1 Kind: A1 Mar 26, 2026
Inventors
Nouriel Yazdinian
Abstract
Disclosed is a system for AI-based auction bidding and a method thereof. The method includes receiving a sign-up request for an auction. The method includes initiating, by an AI bidding bot, a phone call to a mobile device of the client before the initiating the auction process. The method also includes presenting a disclaimer to the client specifying bid finality, bidding currency, urgency of bidding, and liability limitations. The method further includes presenting bid amounts to the client and requesting confirmation of the bid amounts. The method also includes receiving the bid confirmation from a client as a voice prompts. The method includes sending the voice prompt to an NLP engine and converting voice prompt to text data. The method further includes updating, by the AI bidding bot, the database with the confirmed bid. The method also includes automatically transmitting the confirmed bid to a central site via Webhook.
CPC Classifications
G06Q 30/08 G06Q 30/0619 H04M 3/2209 G10L 15/26
Filing Date
2024-09-20
Application No.
18891552
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