US 2017/0287038 A1 · ARTIFICIAL INTELLIGENCE NEGOTIATION AGENT

Abstract

Discussed herein is a server-implemented framework that automates the discovery and negotiation of product sales online based on buyer- and seller-defined parameters and elasticity thresholds. Artificial intelligence (AI) negotiation agents operate on behalf of the buyers and sellers to locate potential deals, automatically and anonymously negotiate towards the best terms for their respective users based on the parameters set by the users to be important and also based on market conditions. The AI negotiation agents join a multi-stage negotiation session until sufficiently improved offers are obtained for particular products and services. These negotiated, improved, offers are then transmitted to the buyers and sellers for acceptance. The AI agent for Sellers optimizes sales strategy and effectiveness while the AI agent for Buyers improves purchasing decision-making and empowers better deals with less effort.

Claims20

Dependent claims

An apparatus for creating an artificial intelligence negotiation agent, the apparatus comprising:

memory storing instructions for receiving buying parameters from a user for a product or service;
and
a processor programmed for:
determining at least one negotiation elasticity threshold associated with at least one of the buying parameters,
directing an application server to create the AI negotiation agent, based on the buying parameters and the at least one negotiation elasticity threshold associated with the at least one of the buying parameters, to represent automatically identify at least one seller of the product and negotiate offer terms for the product or service,
receiving the negotiated offer terms for the product or service, and
presenting the negotiated offer terms for the product or service to the user.

4 more elements

A method for creating and managing a buyer artificial intelligence (AI) negotiation agent, the method comprising:

receiving, from a client device over a network, a buying plan of a user for a product or service, the buying plan comprising one or more buying parameters defined by a user;
creating, on one or more application servers, the buyer artificial intelligence (AI) negotiation agent for locating the product or service at deal terms complying with the buying parameter of the user;
designating buyer elasticity thresholds associated the buying parameters;
locating a plurality of seller AI negotiation agents offering the product or service;
negotiating deal terms between the buyer AI negotiation agent and the seller AI negotiation agent for the product or service based on and in compliance with the buying parameters and the buyer elasticity thresholds;
receiving a plurality of negotiated offers from a subset of the plurality of seller AI negotiation agents;
and
transmitting the plurality of negotiated offers to a client device of the buyer.

5 more elements

One or more computer-storage memories embodied with executable instructions, comprising:

a seller artificial intelligence (AI) negotiation agent executable on one or more servers for offering a product or service according to a selling plan received from a seller of the product or service, wherein the selling plan comprises selling parameters and associated selling elasticity, the selling elasticity being dynamically adjustable based on concerted selling of the seller AI negotiation agent and at least one other seller AI negotiation agent created for the seller;
a buyer AI negotiation agent executable on the one or more servers for requesting the product or service according to a buying plan received from a buyer, wherein the selling plan comprises selling parameters and associated selling elasticity;
wherein the seller AI negotiation agent is operable for:
analyzing active product or service price statistics from historical offers of the product or service, and
adjusting deal terms offered to the buyer AI negotiation agent based the historical offers of the product or service;
and
wherein the buyer AI negotiation agent is operable for:
receiving the adjusted deal terms for the product or service from the AI negotiation agent,
negotiating final offer terms with the seller AI negotiation agent, and
transmitting the final negotiated offer terms to the buyer for acceptance.

7 more elements

Dependencies are inferred from the claim text.

Artificial intelligence negotiation agent

Life of this patent

Artificial intelligence negotiation agent

Life of this patent

Abstract

Claims20