Belgian AI startup says it can automate 80% of work at ‘expert firms’

Q: How long will it take to read this news story?

The story "Belgian AI startup says it can automate 80% of work at ‘expert firms’" has 559 words across 27 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Belgian AI startup says it can automate 80% of work at ‘expert firms’" was covered 1 days ago by The Next Web, a news publisher based in Netherlands.

Q: How trustworthy is 'The Next Web' news outlet?

The Next Web is a fully independent (privately-owned) news outlet established in 2006 that covers mostly technology news. The outlet is headquartered in Netherlands and publishes an average of 1 news stories per day. It's most recent story was published 2 days ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28886180</li><li>URL: https://turkophilism.beamstart.com/news/belgian-ai-startup-says-it-17478063233151</li></ul>

The Next Web 1d ago

Belgian AI startup says it can automate 80% of work at ‘expert firms’ - The Next Web

Quick Summary:

Belgium-based Ravical has secured €7.3mn in pre-seed funding to bring AI agents to professional services firms in tax, legal, accounting, and insurance. Joris Van Der Gucht, Ravical’s CEO and co-founder, said the "virtual employees” could do 80% of the work in these firms. "Ravical’s agents take on the repetitive, time-consuming tasks that slow experts down,” he told TNW, citing examples such as retrieving data from internal systems, checking the latest regulations, or reading long policies. Despite doing up to 80% of the work in these firms, Van Der Gucht downplayed concerns about the agents supplanting humans.

The company said each AI-generated output is traceable and audible, which are critical requirements in the world of professional services.

Despite doing up to 80% of the work in these firms, Van Der Gucht downplayed concerns about the agents supplanting humans.