Artificial intelligence based auction bidding system and method thereof

A system comprising a processor and memory, wherein the processor and the memory in

• combination are operable to implement a method comprising:
• receiving, from a plurality of auction participants, sign-up requests for an auction;
• upon approval of the sign-up request, receiving auction and lot details from the auction participants;
• storing the received details in a database;
• initiating, by an AI bidding bot, phone calls to user devices of the auction participants, simultaneously, at a predetermined time before the initiating the auction process and simultaneously sending a text reminder to each auction participant;
• presenting, by the AI bidding bot, a disclaimer to the auction participants by specifying bid finality, bidding currency, urgency of bidding, and liability limitations;
• receiving, from the auction participants, preferred bidding language selection from a group consisting of Arabic, Japanese, Chinese Mandarin, Russian, German, French, and Spanish;
• presenting, by the AI bidding bot, bid amounts to the auction participants and requesting confirmation of the bid amounts;
• and
• receiving, by the AI bidding bot, the bid confirmation from one of the auction participants as a voice prompt, the voice prompt being the client preferred language;
• sending the voice prompt to a natural language processing (NLP) engine and converting voice prompt to text data;
• updating, by the AI bidding bot, the database with the confirmed bid;
• and
• automatically transmitting the confirmed bid to a central site via Webhook.

A non-transitory computer-readable medium storing instructions that, when executed by

• a processor, cause the processor to perform a method comprising:
• receiving, from a plurality of auction participants, sign-up requests for an auction;
• upon approval of the sign-up request, receiving auction and lot details from the auction participants;
• storing the received details in a database;
• initiating, by an AI bidding bot, phone calls to user devices of the auction participants, simultaneously, at a predetermined time before the initiating the auction process and simultaneously sending a text reminder to each auction participant;
• presenting, by the AI bidding bot, a disclaimer to the auction participants by specifying bid finality, bidding currency, urgency of bidding, and liability limitations;
• receiving, from the auction participants, preferred bidding language selection from a group consisting of Arabic, Japanese, Chinese Mandarin, Russian, German, French, and Spanish;
• presenting, by the AI bidding bot, bid amounts to the auction participants and requesting confirmation of the bid amounts;
• and
• receiving, by the AI bidding bot, the bid confirmation from one of the auction participants as a voice prompt, the voice prompt being the client preferred language;
• sending the voice prompt to a natural language processing (NLP) engine and converting voice prompt to text data;
• updating, by the AI bidding bot, the database with the confirmed bid;
• and
• automatically transmitting the confirmed bid to a central site via Webhook.