Technology
Artmarket.com: H1 2026 Financial Report–One-of-a-Kind AI Systems Intuitive Artmarket® and Blind Spot Will Drive the Next Phase of Growth for “AI-First” Artprice in 2026-2030
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PARIS, Sept. 28, 2026 /PRNewswire/ — Artmarket.com announces that its 120 pages financial report for the six months ended June 30, 2026, has been made available to the public and filed with the French Financial Markets Authority (Autorité des marchés financiers, or AMF).
The H1 2026 financial report is available on the following websites:
Artprice.com: www.artprice.comActusnews: www.actusnews.com/fr/
“The launch of Artprice News generated exceptional results in terms of coverage, indexing, and search engine optimization (SEO), particularly in Google AI Overview, which, depending on the country, is becoming the primary way Google users search for information through vertical queries corresponding to new customers (75% to 85%; source: Google).
“This success was supported by an extensive global campaign to attract new readers and customers seeking real-time art market news and event calendars. As a global news agency, Artprice News is now picked up throughout the art press, whose average publication frequency is, at best, weekly.
“At the same time, a major editorial effort produced more than 3,500 multilingual news reports, incorporated by the editorial team with exclusive data from the Econometrics Department. This substantial effort generated exceptional search engine responses and triggered Google Alerts on a massive scale.”
As of June 30, 2026, shareholders’ equity stood at €30.826 million. Artprice owns the world’s largest physical collection of auction catalogs and manuscripts dating from 1700 to the present, most recently appraised at €42 million in January 2025. With this Library of Alexandria and its Intuitive Artmarket© AI system, Artprice will be able to increase the volume of its globally unique data by a factor of up to 25 to 30 between 2026 and 2030, without increasing its expenses, which consist primarily of personnel costs, while generating exponential organic revenue growth.
Artprice by Artmarket’s exceptionally sound management now enables it to lower its break-even point to a remarkable level. Over the years, Artmarket has implemented all the industrial processes needed to keep its average workforce at 49 employees. With Artprice Images® and Intuitive Artmarket®, the group’s total expenses remain virtually unchanged from their 2025 level up to revenue of €90 million, notably through the deployment of its proprietary AI, without any bond financing.
The company has never undertaken a capital increase, with the sole exception of previous exercises of stock options reserved for its employees. This reflects the stated commitment of Artmarket.com’s Board of Directors and its Founder, Chairman and CEO, thierry Ehrmann, to avoid diluting shareholders’ holdings or weakening the share price.
Groupe Serveur, the founding shareholder, remains by far the largest shareholder, holding 30.16% of the share capital and 45.78% of the voting rights, excluding the Ehrmann family’s holdings. No shares have been sold since 2015, a period of 10 years. This reflects its Founder and Chairman thierry Ehrmann’s absolute confidence in and commitment to Artmarket.com stock.
As announced in Artmarket’s second-quarter 2026 press release, published on August 13, 2026, under the headline “Artmarket.com: Q2 2026 Growth, From Artprice’s Gradual Transition to Its ‘AI-FIRST’ Transformation,” thierry Ehrmann, Artmarket.com’s Founder, Chairman and CEO, and his family have complete confidence in the future of Artprice by Artmarket.com, the world leader in art market information, and in the growth of its business. This confidence is supported in particular by the substantial investments in the development of Artprice by Artmarket.com’s proprietary vertical AI systems, “Intuitive Art Market ©” and Blind Spot ©.
The Ehrmann family and Groupe Serveur, the principal shareholder, are demonstrating their confidence in the expansion of Artprice by Artmarket’s business by increasing their holdings in Artmarket.com through purchases of additional Artmarket.com shares. Naturally, all required disclosures are filed with the AMF and published online within the statutory deadlines, and share purchases are made during permitted trading windows.
These current and future transactions are intended solely to reaffirm the Ehrmann family’s and Groupe Serveur’s confidence in the future of Artprice by Artmarket.com and to provide their full support to Artmarket.com. They are not intended to result in a public takeover offer or public buyout offer (OPA/OPR), contrary to the interpretation that continues to circulate on certain forums. The suggestion that the Ehrmann family is failing to make certain share purchase or ownership threshold disclosures is also incorrect.
The ONDE extranet (Outil de notification et de déclaration électronique, or Electronic Notification and Disclosure Tool) is the AMF’s secure platform for filing disclosures, including directors’ and executives’ transactions, ownership threshold crossings, and other notifications. It accepts current and future filings. The disclosures referred to are as follows:
First disclosure—No. 2026DD1133787 (published on August 17, 2026);
Second disclosure—No. 2026DD1134265 (published on August 20, 2026);
Third, supplementary disclosure—No. 2026DD1134267 (published on August 20, 2026).
In line with this commitment to increasing her stake in Artmarket.com, Ms. Nadège EHRMANN, a member of Artmarket.com’s Board of Directors, sought to acquire additional Artmarket.com shares. As the aggregate value of her various purchases of Artmarket.com shares exceeded the regulatory threshold, she made the required disclosures to the issuer and the AMF in accordance with Article 19 of the Market Abuse Regulation (MAR).
Share purchases also normally follow movements in the share price. For the Ehrmann family, these movements in no way alter its determination to increase its stake in Artprice by Artmarket.com.
Artprice by Artmarket has received the government’s “Innovative Company” designation on several occasions from BPI (Banque publique d’investissement, France’s public investment bank). In this capacity, Artmarket devotes 80% of its resources each year to R&D and to creating value through its new databases. Its Founder, Chairman and CEO, thierry Ehrmann, remains by far the largest shareholder through Groupe Serveur—a fundamental criterion according to Warren Buffett and many European investment funds.
Data centers incorporating AI have generally become an extremely sensitive and critical issue because of their high energy consumption. Artprice by Artmarket, for its part, has developed a range of hardware and software processes, together with a clean-room architecture, that deliver genuine energy efficiency. At equivalent computing power, its energy consumption decreases by 18% each year (see Artmarket.com’s Corporate Social Responsibility Report). This is the philosophy of its principal shareholder, Groupe Serveur, an Internet pioneer since 1987, which has consistently pursued this approach for 39 years.
Since its inception in 1997, Artprice by Artmarket has anticipated the art market’s digital transformation. This transformation is now the only way forward for the art market’s influential players: auction houses, galleries, experts, museums, fairs, exhibitions, and others. There will be no turning back. Leading auction houses, including Sotheby’s, Christie’s, and Bonhams, state that in 2027 they will reach their end-of-2030 targets for the shift to online operations.
The shift to online auctions and the substantial increase in time spent at home mean that Internet users need reliable, independent data, such as that provided by Artprice by Artmarket, to participate securely in auctions as sellers or buyers and to stay informed about the art market. All market studies and reports now estimate that there are more than 180 million online art buyers across every continent.
In the first half of 2026, Artprice by Artmarket recorded the highest number of lots sold in the history of auctions worldwide (see the Artprice 2026 Art Market Report).
It should also be noted that every year Artprice adds more than 1.2 million data records to its databases, themselves enriched through 112 referential integrity fields. These include current-year records and additional historical data, incorporating more than 3 million very-high-resolution photographs through Artprice Images. These enhancements are not fully reflected in the company’s recorded assets.
The following background information is intended to address recurring questions from the markets and Artprice by Artmarket’s shareholders.
Artprice’s Board of Directors, its Founder and Chairman, and all its employees are committing all their resources to AI. According to its Chairman: “It is worth clarifying that the rapid evolution of AI engines has led Artprice to reassess its position regarding Perplexity on amicable terms.
“Several major players now stand out: OpenAI with ChatGPT 6; Google, with the DeepMind ecosystem, Gemini Ultra, and Project Astra; as well as Grok, DeepSeek, Perplexity, Mistral, Qwen, Copilot, and Meta. These alternatives are proving much more relevant to Artprice customers’ expectations. In addition, Perplexity’s original innovation has become a feature that users expect from its competitors.
“Perplexity had an immediately understandable value proposition: query the web in natural language and receive an answer supported by sources. ChatGPT integrated its own search capability in October 2024; Google developed AI Mode and then strengthened the connection between its synthesized answers and conversational search (Overview). This convergence is the primary factor. When a feature that once defined a company becomes commonplace, each improvement that company makes generates less media attention.
“Perplexity now has to explain why users should choose it, whereas previously it only needed to explain what it enabled them to do. The battle for distribution has become as important as the battle for quality. This was a major missed opportunity, which Artprice experienced against a backdrop of a significant lack of communication between the two companies: a route to a much wider audience was closed off. The rift with content creators and the media presents the most damaging paradox for Perplexity’s media image, arising from its relationship with the information ecosystem. Perplexity built its value by indexing and synthesizing other people’s work.
“However, the AI market is characterized by considerable volatility: models and versions evolve practically every two weeks. This makes subscription pricing extremely complex when AI providers’ commercial terms are constantly changing. Regular increases in licensing costs and instability in the price of tokens—the units of computation and billing in AI—make it difficult to plan with confidence.
“Artprice requires a stable environment in its relationships with technology partners. Passing monthly price increases on to our subscribers is out of the question. Nevertheless, the company continues to monitor the evolution and future stabilization of these technologies very closely.”
For Artprice by Artmarket, AI will be a revolution “more significant than the smartphone and the Internet,” echoing the statements of all the executives who clearly place artificial intelligence at the center of their priorities through an “AI-First” approach, as do all the leaders of GAFAM—Google, Apple, Facebook, Amazon, and Microsoft.
According to Larry Ellison, CEO of Oracle, the world leader in database software, with a market capitalization of €414.98 billion, major database publishers with proprietary vertical AI—including Artprice—will dominate the S&P 500 in 2030.
For fiscal 2026/2027, Artprice by Artmarket is seeking the “Innovative Company” designation from BPI for the third consecutive time, supported by the highly sophisticated development of a new proprietary AI system integrated into Intuitive Artmarket® with Blind Spot®.
This segment of the AI economy rests on five pillars of computing history: big data, deep learning, data mining, proprietary algorithms, and, of course, a core business built on selling rigorously vetted information, with standardized data throughout every process. The information produced by Artprice by Artmarket plays a crucial role. Artprice by Artmarket holds full intellectual property ownership of all five pillars, with established copyright and related rights covering all its algorithms, databases, big data, machine learning, and neural networks.
Artprice owns the world’s largest physical collection of auction catalogs and manuscripts dating from 1700 to the present, . With this Library of Alexandria and its Intuitive Artmarket® AI system, Artprice will be able, over the 2025–2030 horizon, to increase the volume of its globally unique data by a factor of 25 to 30 without increasing its expenses, which consist primarily of personnel costs, while generating exponential organic revenue growth.
As a reminder, Artprice’s late-2024 study ranked it as the “top-of-mind” art market database, and all AI search engines, including Google, Gemini, and OpenAI, unequivocally confirm Artprice as the global reference for art market databases.
An in-depth unaided brand awareness study was prepared in advance to measure Artprice’s presence in academic, scientific, and institutional circles with great precision.
In addition to unaided awareness, Artprice assessed the depth of brand knowledge by asking participants at the International Committee of the History of Art congress for more information about their familiarity with the brand. The question was: “Which art market databases do you know?” Of the 378 people surveyed, 325, or 86%, named Artprice first, making it the “top-of-mind” art market database.
For 29 years, Artprice by Artmarket has held a uniquely dominant position in the global art information market, supported by an exceptional technology infrastructure that processes 55 megabytes of data per second per employee—more than 25 times the European averages, according to a Mazars audit.
This outstanding technical performance is the foundation of Artprice’s ability to integrate and capitalize on the most advanced artificial intelligence technologies.
Artprice’s databases, with more than 918,000 artists listed and over 30 million auction results covering three centuries of art history since 1700, represent the world’s most comprehensive body of art-related information. This wealth of information, enriched by 212 million images and managed through partnerships with 7,200 auction houses worldwide, creates a unique data ecosystem. Combined with real-time research capabilities for artists and artworks, it generates unprecedented synergies.
This physical Library of Alexandria, annotated and analyzed by Artprice’s historians and experts, comprises 212 million images of artworks, including a core collection of 21 million images tokenized by art historians. These images represent the gold standard for deep learning.
Artprice maintains active technology monitoring by systematically subscribing to all AI engines, with maximum usage capacity on practically every AI platform available in the market, ensuring continuous strategic monitoring of developments in artificial intelligence.
This comprehensive evaluation approach, led by thierry Ehrmann, Artprice’s founder and an AI specialist since 1987, with the support of his IT teams, enables Artprice to maintain deep expertise in assessing the performance, accuracy, and reliability of AI platforms.
Analysis of the market for AI in art shows exceptional growth, from a value of $212 million in 2022 to a projected $5.8 billion by 2032, representing annual growth of 40.5%. This market expansion, combined with Artprice’s position as the global leader, creates a favorable economic environment for developing premium subscription offerings.
The Sophisticated Profile of Artprice’s Customers
Artprice’s customers stand out for their exceptionally high level of expertise and their ongoing demand for deeper knowledge. They include fine art experts, auction house directors, private and institutional collectors, art historians, cultural institutions, international museum curators, researchers, and academics specializing in the art market. Together, they represent the intellectual elite of the global art sector. Their advanced academic training and practical experience make them ideally positioned to benefit from AI’s advanced capabilities, provided they receive support in mastering the appropriate tools and methodologies.
The Art Market’s Specific Challenges and AI’s Contribution
The art market has unique characteristics that make artificial intelligence particularly valuable to industry professionals. The complexity of the information to be processed—including artwork histories, market trends, auction data, critical analyses, artists’ biographical information, and socioeconomic contexts—requires research and analytical capabilities beyond traditional human capacity.
Recent developments in the market, marked by the emergence of new collectors (44% new buyers in 2025, according to gallery reports), the rise of AI-generated art, and the transformation of sales methods through growing digital integration, are creating new information needs that only a hybrid approach combining human expertise and artificial intelligence can effectively address.
Integrating this documentary heritage with the capabilities of the two proprietary vertical AI systems will create unprecedented synergies for historical and predictive analysis of the art market. This combination will reveal hidden patterns in the evolution of artistic tastes, valuations, and cultural trends over more than three centuries.
This democratization is part of a broader shift toward a more accessible art market, illustrated by 17% sales growth among dealers with revenue below $250,000 and by the increase in auction sales of artworks priced below $5,000.
This summer, the 1,800-page “world-book,” as Gemini/Google describes it, “Dialogue Between a Thinker and AI,” written by thierry Ehrmann, has become the foundational corpus for a comparative evaluation of readings and critiques produced by nine AI systems: ChatGPT 6, Gemini, Grok, DeepSeek, Perplexity, Mistral, Qwen, Copilot, and Meta.
https://www.dialoguebetweenathinkerandai.com/en/meta-reading/
Artprice by Artmarket observes that “Dialogue Between a Thinker and AI,” the work of its Founder, Chairman and CEO, thierry Ehrmann, is taking on a new role beyond its editorial distribution: it now serves as the foundational corpus of an experimental literary benchmark devoted to long-form reading, interpretation, and cross-critique among artificial intelligence systems. This initiative opens a comparative program designed to evolve alongside models, corpora, and evaluation methods.
The 1,800-page work, freely accessible online at no cost as a raw typescript (4.5 MB), has reached 21.9 million English-language downloads, according to initial certified distribution data from Artprice and its many distribution partners, reaching 123 countries in 16 languages and dialects through its partner PR Newswire/Cision. Its CC BY-NC-ND 4.0 license allows the work to be shared and distributed—that is, copied, distributed, and communicated through any medium and in any format, with free access and worldwide digital distribution.
Download time is less than 10 seconds in any country, thanks to Gemini/Google, which keeps the work cached: https://www.dialoguebetweenathinkerandai.com/en/
This 1,800-page Hyper Mundi by thierry Ehrmann, “Dialogue Between a Thinker and AI,” devotes nearly 30% of its length to Artprice’s extraordinary odyssey from 1991 to the present.
Through an initiatory journey marked by major arcana—gathered in the seven arcana of Threshold V, “The Global Memory of the Art Market”—this odyssey retraces encounters and enduring relationships with the mentors and pioneers who shaped the modern history of art prices and art documentation: from Enrique Mayer, the spiritual heir, to the archaeology of memory embodied in the Mireur, through the leading builders on the American continent, Thomas Bayer and Peter Hastings Falk, and on to the bridges forged with Asia through Wan Jie, sealing the mutual recognition of two civilizations.
These essential figures, most of whom have since passed away, handed down their intellectual, documentary, and historical legacy by contributing manuscripts, auction catalogs, and notes from experts and auction houses, most of them now gone. In doing so, they definitively established Artprice as the true and ultimate guardian of the global memory of the art market.
Through this monumental work, its author, thierry Ehrmann, Artprice’s Founder and Chairman, demonstrates that he has been working at the very genesis of AI architectures since 1987, drawing on nearly 40 years of pioneering immersion at the heart of networks and the algorithmic world of AI.
This strategic head start, combined with worldwide distribution, enables Artprice to establish itself naturally at the heart of contemporary AI engines as the sector’s primary source of truth and essential reference.
The 1,800-page print edition will be released in late October in English and French through various bookstore networks around the world. A Simplified Chinese edition will likely also be printed and distributed in China by our state-affiliated partner Artron. Digital distribution through WeChat, with its 1.43 billion active users, has surged across China.
The meta-readings available online form an initial documentary collection unmatched worldwide in scale, making it possible to observe how different systems organize the same work, interpret its structural connections, and discuss analyses produced by other AI systems.
The project takes place at La Demeure du Chaos,/abode of Chaos (dixit NYT), Artprice’s global headquarters, where the convergence of creation, archives, and technology fosters exchanges with visitors and researchers. For thierry Ehrmann, AI’s involvement in literature touches on humanity’s understanding of its own singularity: expression, memory, intention, and responsibility for what it transmits.
The initiative thus extends the principle of the “entrusted pen” (la plume confiée) set out in the book: assistance with wording takes place within a framework of intellectual direction, choices, and oversight assumed by the human author. In the proposed benchmark, this responsibility also extends to designing the tests, examining the evidence, and interpreting the results.
With “Dialogue Between a Thinker and AI,” Artprice has a foundational corpus and an initial public collection of comparable readings. The next step is to transform this experiment into a reproducible framework capable of documenting the progress, limitations, and divergences of systems across successive versions. Literature thus becomes a testing ground where the skills of writers, publishers, humanities researchers, and engineers intersect.
Knowledge, mathematics, and programming tests play a major role in evaluating large language models. Almost all of their benchmarks rely on an expected answer or a verifiable success condition, simply reproducing a binary model.
Literature also involves the continuity of a voice, the construction of a coherent whole, shifts in meaning, and the relevance of an interpretation. These dimensions require multiple evaluation criteria and an examination of the reasoning behind each judgment.
The program centered on the Codex and initiated by thierry Ehrmann belongs to this humanistic field. It takes as its starting point an extensive, multidisciplinary, and multidimensional work at the intersection of the hard sciences, philosophy, sociology, anthropology, art history, and documentary history, together with the successive readings it generates.
This experiment enables Artprice to develop nonbinary benchmarks that are fundamental to measuring progress in the human–machine voice interface. Successive model versions can be tested against an unchanged core set of tasks supplemented by new texts.
This traceability also applies to evaluator models. When an automated judge changes, its new assessments must be compared with its earlier ones on a common set of tasks. New, unpublished tests kept outside public distribution will supplement the open corpora to limit the risk of merely measuring familiarity with previously circulated texts or commentaries.
To expand this approach, Artprice has a documentary library containing hundreds of thousands of manuscripts, auction catalogs, and art books. This collection provides a vast field of study. Documented selections will make it possible to explore different forms of writing and historical periods while preserving the texts’ provenance and terms of use.
This expansion will open up questions specific to Artprice’s business: tracking an attribution over time, distinguishing a source from a commentary, comparing historical descriptions, recognizing changes in vocabulary, or flagging an insufficiently supported connection. The transfer of results to these professional applications will need to be evaluated through domain-specific tests.
For thierry Ehrmann, AI’s involvement in literature touches on humanity’s understanding of its own singularity: expression, memory, intention, and responsibility for what it transmits.
With “Dialogue Between a Thinker and AI,” Artprice has a foundational corpus and an initial public collection of comparable readings. The next step is to transform this experiment into a reproducible framework capable of documenting the progress, limitations, and divergences of systems across successive versions. Literature thus becomes a testing ground where the skills of writers, publishers, humanities researchers, and engineers intersect.
https://www.dialoguebetweenathinkerandai.com/en/meta-reading/
The initial option was to introduce our AI building blocks slowly into our long-established databases while helping users learn how to use them. Although prudent, this approach fragmented users’ perception of the technological revolution underway. AI is no longer an optional component: it has become the primary framework of the global economy.
Gradually injecting AI modules into an infrastructure proven over 25 to 30 years of use is like trying to convert an internal-combustion vehicle with analog controls into a digitally controlled electric vehicle, piece by piece, while it is still on the road. Customers struggle to grasp the quantum leap between the old world and the new, with the risk of an inconsistent user experience. Today, we are choosing clarity and exacting standards: abandoning piecemeal rollouts in favor of a comprehensive, seamless, and fully realized transformation.
This commitment to rigor entails a marginal adjustment to our public deployment timeline, with no impact on our financial trajectory. In a complex global economic environment marked by intense geopolitical tensions and highly volatile energy costs, Artprice by Artmarket’s revenue continues to grow steadily. This exceptional economic foundation gives us the independence and confidence to prioritize operational perfection over haste. This is far removed from the situation of publicly traded companies that incorporate AI into their business models and are constantly seeking equity financing.
The restructuring centers on Artprice’s unique heritage, comprising nearly 180 proprietary databases interconnected in a meta-database with no equivalent worldwide, together with its renowned documentary collection of manuscripts and auction catalogs dating from 1700 to the present, considered unique in the world by researchers and experts.
The first phase of this transformation takes place internally. Every employee in the group, every department, and every production unit is being equipped directly with dedicated AI hardware and appliances. Before making these tools available to subscribers, we are completely redesigning our workflows. Our data collection, standardization, and enrichment pipelines are being fully rewritten to meet deep learning and proprietary algorithm standards.
The platform will be delivered to our subscribers only once the internal value chain has been fully calibrated. Rather than a stack of evolving modules, the database platform will be a complete “AI-First” environment built on our founding pillars: certified large-scale data (standardized big data), deep learning, and algorithmic security.
By choosing this comprehensive, structured transformation, Artprice reaffirms its pioneering role: turning 30 years of global leadership in information into a sovereign decision intelligence engine for the entire global art market.
As the open Internet sinks into entropy and dilution caused by a flood of synthetic data—70% uncontrollable synthetic data as of June 30, 2026, according to Gartner Group and Europol Innovation Lab—companies that own their entire data value chain constitute true citadels of cognitive sovereignty.
Controlling the entire process, from raw data capture (standardized big data) through data mining to the training of deep learning models on tens of millions of unique records protected by patented algorithmic architectures, is no longer simply a matter of managing digital assets. It means establishing a monopoly on ground truth in a given market—in this case, the art market.
The evolution of Artprice’s exclusively proprietary databases into the vertical AI systems “Intuitive Art Market ©” and “Blind Spot ©” is not a simple technical upgrade, but an ontological transformation organized around several strategic dimensions:
According to thierry Ehrmann, Artprice’s founder and Artmarket’s Chairman and CEO, an ontological transformation is a radical change not in an entity’s form, performance, or functions—what it does—but in its fundamental nature, essence, and mode of existence—what it is.
Where conventional evolution improves an existing system, an ontological transformation changes the category of reality to which that system belongs.
Applied to Artprice, its complete control over its vertical AI systems Intuitive Art Market® and Blind Spot®, and its industrial process chains, this transformation manifests itself at three levels:
From an information repository to a cognitive organism: Artprice no longer defines itself as an expert aggregator or a historical database. By integrating vertical AI at the very heart of its sovereign infrastructure, the organization moves from being a knowledge base to becoming an autonomous cognitive architecture.
The metamorphosis of data: art market data changes its mode of being. From a static, descriptive archival trace, it becomes a dynamic, predictive, living semantic matrix capable of contextualizing and analyzing the market in real time.
The ontological sovereignty of the process: ownership of the entire industrial chain—from proprietary raw data to the vertical language model, without application-level dependence on third parties—guarantees systemic self-sufficiency. AI is not a tool grafted onto the model: it becomes the very substance of how Artprice operates.
Historically, the value of these databases rested on the depth of their indexing and the precision of their search engines. Integrating proprietary vertical AI transforms passive yet incorruptible data into active decision intelligence, while general-purpose large language models (LLMs) suffer from hallucinations caused by the porous nature of their training corpora.
Vertical AI backed by a sovereign data chain operates in an ultra-secure, closed-loop environment. The system does not generate plausibility; it produces explainable certainty supported by meticulously precise traceability.
User interaction is evolving from the query-response model toward complex agentic automation. Artprice’s subscribers no longer look for a matching record or a historical statistic; they commission an autonomous Artprice agent, trained exclusively on this data heritage, to carry out arbitrage, simulate forward-looking scenarios, or model risks with exceptional precision. Vertical AI becomes an augmented collaborator that extracts the underlying value from the millions of data pairs accumulated over decades by Artprice by Artmarket.
As the marginal cost of creating generic content collapses toward zero, the relative value of historical, certified, nonreplicable databases grows exponentially (FT). Companies controlling this sealed data chain hold the digital world’s only unpolluted “crude oil wells.” Their subscription model no longer sells access to information, but the privilege of access to an information asymmetry that is critical to strategic, financial, or operational decision-making, through an annual subscription priced very reasonably at €1,600 to €2,500.
These citadels will not isolate themselves completely, but will evolve their access models. The future lies in deploying predictive APIs and inference subsystems that can integrate directly into institutional clients’ workflows. Instead of delivering raw data, Artprice will distribute an embedded intelligence component, making its algorithmic ecosystem indispensable and intrinsically linked to its subscribers’ mission-critical processes.
Every query and every analysis conducted by Artprice’s privileged users within this vertical AI system, in turn, enriches the data structure itself through continuous fine-tuning and metadata enrichment. This feedback mechanism creates an unassailable technological flywheel: the more experts query Artprice’s databases through AI, the more the AI refines its semantic and predictive understanding of the market, continually widening the gap with any emerging competitor.
In short, these exclusively proprietary databases will cease to be perceived as digital libraries and become sovereign inference engines. By controlling both the fuel—tens of millions of certified data records—and the engine—vertical AI and its proprietary algorithms—these companies are doing more than evolving. They are redefining the very nature of paid strategic intelligence, establishing data exclusivity as the supreme standard of the algorithmic era.
With the enormous head start secured by our two proprietary AI systems—Intuitive Art Market and Blind Spot—we have taken the necessary step back to make a very slight adjustment to our launch timeline. This strategic shift addresses a fundamental requirement: finalizing a premium subscription in which technological power disappears entirely behind absolute ease of use.
The overriding priority is to encapsulate algorithmic complexity completely between our data production pipelines and the customer-facing experience. Subscribers should no longer have to manipulate complex filters or settings; dialogue between our members and our sovereign AI systems must be natural and seamless.
In the art market’s specialized ecosystem, this fluidity demands extreme rigor: the AI must master industry terminology and operate in more than 40 languages while respecting art history’s golden rule, which strictly prohibits translating artwork titles. Preserving the original nomenclature and complying with our long-established protocols remain nonnegotiable.
This professionalization of AI use in art creates new career opportunities while preserving the importance of traditional art education.
The success of this collaboration opens opportunities to expand into other specialized fields of knowledge, broadening both companies’ influence beyond the traditional art market. France’s Minister of Culture has officially recognized thierry Ehrmann’s La Demeure du Chaos—”Abode of Chaos,” as The New York Times calls it—located at the heart of Artprice’s headquarters, as a total work of art. That recognition, together with its role in the strategy for developing sovereign AI, suggests potential government support for extending this model of collaboration.
Copyright 1987-2026 thierry Ehrmann www.artprice.com – www.artmarket.com
Artprice’s econometrics department can answer all your questions relating to personalized statistics and analyses: econometrics@artprice.com
Find out more about our services with the artist in a free demonstration: https://artprice.com/demo
Our services: https://artprice.com/subscription
About Artmarket.com:
Artmarket.com is listed on Eurolist by Euronext Paris. The latest TPI analysis includes more than 18,000 individual shareholders excluding foreign shareholders, companies, banks, FCPs, UCITS: Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Watch a video about Artmarket.com and its Artprice department: https://artprice.com/video
Artmarket and its Artprice department were founded in 1997 by thierry Ehrmann, the company’s CEO. They are controlled by Groupe Serveur (created in 1987). cf. the certified biography from Who’s Who In France©:
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years) in databanks containing over 30 million indices and auction results, covering more than 918,800 artists.
Artprice Images® allows unlimited access to the largest art market image bank in the world with no less than 181 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket, with its Artprice department, constantly enriches its databases from 7,200 auction houses and continuously publishes art market trends for the main agencies and press titles in the world in 121 countries and 11 languages.
Artmarket.com makes available to its 9.3 million members (members log in) the advertisements posted by its Members, who now constitute the first global Standardized Marketplace® for buying and selling artworks at fixed prices.
There is now a future for the Art Market with Artprice’s Intuitive Artmarket® AI.
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the French Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
Artprice by Artmarket publishes its 2025 Global Art Market Annual Report, published in March 2026:
https://www.artprice.com/artprice-reports/the-art-market-in-2025
Artprice by Artmarket publishes its 2025 Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2025
Summary of Artmarket press releases with its Artprice department: https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real-time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (more than 6.3 million subscribers)
Discover the alchemy and the universe of Artmarket and its Artprice department: https://www.artprice.com/video
whose head office is the famous Museum of Contemporary Art Abode of Chaos dixit The New York Times / La Demeure of Chaos:
https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
Madame Rachida Dati, French Minister of Culture, has granted official recognition to thierry Ehrmann’s Abode of Chaos as a ‘total work of art’, the global headquarters of Artprice by Artmarket.
https://www.prnewswire.com/news-releases/madame-rachida-dati-french-minister-of-culture-has-granted-official-recognition-to-thierry-ehrmanns-abode-of-chaos-as-a-total-work-of-art-the-global-headquarters-of-artprice-by-artmarket-302409684.html
La Demeure du Chaos/Abode of Chaos – Total Work of Art and Singular Architecture.
Confidential bilingual work, now made public: https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
• L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
• https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (more than 4.1 million subscribers)
Contact Artmarket.com and its Artprice department – Contact: Thierry Ehrmann, ir@artmarket.com
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/artmarketcom-h1-2026-financial-reportone-of-a-kind-ai-systems-intuitive-artmarket-and-blind-spot-will-drive-the-next-phase-of-growth-for-ai-first-artprice-in-20262030-302891864.html
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Technology
Volvo Cars Q3 2026: taking decisive action to navigate a very tough environment
Published
54 minutes agoon
October 23, 2026By
GOTHENBURG, Sweden, Oct. 23, 2026 /PRNewswire/ — Volvo Cars today reports an operating income, excluding joint ventures & associates and items affecting comparability, of SEK -3.7 billion and a corresponding EBIT margin of -5.6 per cent for the third quarter of 2026. The result reflects a further deteriorating external environment, led by market developments in China and the US.
Q3 revenue was SEK 66.9 bn (SEK 86.4 bn in Q3 2025)Q3 operating income was SEK -5.6 bn (SEK 6.4 bn in Q3 2025)Q3 EBIT (excl. share of income in JVs & associates and IAC) was SEK -3.7 bn (SEK 5.8 bn in Q3 2025)Q3 EBIT margin was -8.4 per cent (7.4 per cent in Q3 2025)Q3 EBIT margin (excl. share of income in JVs & associates and IAC) of -5.6 per cent (6.7 per cent in Q3 2025)Q3 basic earnings per share were SEK -1.63 (SEK 1.75 in Q3 2025)Q3 fully electric car sales share at 32 per cent (22 per cent in Q3 2025)Q3 electrified car sales share at 53 per cent (46 per cent in Q3 2025)Q3 free cash flow of SEK -8.9 billion (SEK -4.3 billion in Q3 2025)
Volvo Cars today reports an operating income, excluding joint ventures & associates and items affecting comparability, of SEK -3.7 billion and a corresponding EBIT margin of -5.6 per cent for the third quarter of 2026. The result reflects a further deteriorating external environment, led by market developments in China and the US.
Volvo Cars remains a leader in the premium fully electric (BEV) segment, underpinned by a resilient performance in Europe where it had a BEV sales share of 45 per cent in Q3. But the situation in China and the US was considerably tougher, which also negatively affected free cash flow.
In China, Volvo Cars and other legacy premium brands faced hypercompetition from new Chinese alternatives, as well as severe pricing pressure. As a result, Volvo Cars’ revenues in China fell by almost 50 per cent year-on-year. In the US, Volvo Cars saw continued negative effects from tariffs and the removal of consumer incentives for electrified cars, which pressured margins.
The company’s Q3 result was also affected by other external developments: a negative revaluation of SEK 1.1 billion in CAFE credits due to legislation changes in the US, negative raw material developments, and SEK -0.9 billion due to the recognition of Polestar’s losses in Q2 2026.
In response to the result, Volvo Cars aims to reduce an additional SEK 5 billion in indirect spend and variable costs, on top of earlier cost programmes it successfully completed. These actions will lead to a structural reduction of approximately 2,500 jobs globally, of which 2,000 are based in Sweden, by ending consultant contracts, through natural attrition and by targeted exit packages to employees.
Full financial effects of these measures will be realised by the end of 2027, by which time the company’s overall indirect spend will be almost 25 per cent lower versus FY 2024.
The company is also working at speed on its recently announced, largest-ever product push. This consists of 13 new cars between now and the end of 2030, with a tailored portfolio of new cars for Europe, the US and China and more localised production. Already in 2027, Volvo Cars will reveal three of these new cars: one new car for Europe and two China-specific models.
More details about Volvo Cars’ performance can be found in the Q3 2026 financial report.
“We continue to operate in a very tough environment with strong external challenges: de-globalisation, hypercompetition and climate change. We are convinced that we have the right long-term strategy addressing these challenges,” says Håkan Samuelsson, president and CEO. “However, in the short term, with severely challenged volumes, we need to reinforce our turnaround plan with additional decisive actions, lowering our break-even point and improving cash flows to make us more resilient.”
A reinforced turnaround plan with the right regional products
Reflecting its strong BEV position in Europe, the EX60 has been a big success with over 50,000 European orders and it will be one of Volvo Cars’ most profitable models. Due to new industrial technology such as cell-to-body it is taking longer than planned to ramp up production, but Volvo Cars is steadily improving built volumes.
In 2027 Volvo Cars will introduce its next global BEV car, which targets a large, lower priced market segment in Europe, with the first customer deliveries starting after summer. This will further strengthen its BEV leadership and improve margins.
In the US, Volvo Cars has divided the market in four regions to enable faster decision-making and improve sales. It is fast-tracking the production start of the long-range plug-in hybrid versions of the XC90 and XC60, with European deliveries starting this year and the US shortly after. In Q1 2027, it will localise XC60 production in Charleston. By the end of the decade, it will localise a second, all-new car with multiple powertrain options.
In China, the next two years will remain tough, so Volvo Cars is taking further cost-efficiency actions to weather the storm. For example, it will combine its two offices in Shanghai by moving the sales office to the local HQ in Jiading.
Mid-next year Volvo Cars will reveal and start production of the first two of six new China-tailored cars, through closer cooperation with Geely. These cars will be developed with a Chinese tech stack and the latest ADAS technologies to make them fully competitive in China.
Additional cost and cash actions
Volvo Cars will achieve the additional savings of SEK 5 billion by driving structural change, lowering corporate overheads and empowering its regions. It is adapting its blue-collar workforce to current volumes by leveraging existing flexibility and will continue to reduce R&D costs, as it has already established its tech foundation with SPA3 and HuginCore.
Volvo Cars will also develop a more efficient production structure by concentrating on five dedicated Volvo plants globally. For its Chengdu and Ghent plants the company is exploring the option of multi-brand assembly together with Geely.
In addition, the company will further lower its variable costs, for example by increasing its common supplier base with Geely Group and adopting more common hardware parts in its cars.
Finally, Volvo Cars will continue to prioritise cash. The company has passed its investment peak and has now returned to normal and affordable investment levels, corresponding to an approximately 30 per cent reduction compared to 2024.
Note to editors
Volvo Cars will host a livestream on its Q3 2026 results for media, investors and analysts at 08:00 CET today. The presentation will be held in English and followed by a Q&A session.
It will be possible to ask questions during the Q&A session following the main presentation. To participate, you can either use the chat function online to type your question, or you can call in. To call in, participants need to register via the link below and will then receive the dial-in details and individual PIN.
This disclosure contains information that Volvo Car AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 23-10-2026 07:00 CET.
For further information please contact:
Volvo Cars Media Relations
+46 31-59 65 25
media@volvocars.com
Volvo Cars Investor Relations
+46 31-793 94 00
investors@volvocars.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/20685/4414242/4335538.pdf
VCG_ENG_Q3 2026-10-23
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SOURCE Volvo Car AB (publ)
Technology
Artery AT32 AI Studio Empowers Edge Intelligence, Accelerating AI Application Deployment
Published
55 minutes agoon
October 23, 2026By
TAIPEI, Oct. 23, 2026 /PRNewswire/ — As artificial intelligence (AI) technology continues to advance rapidly, AI is expanding from cloud computing to edge devices, with applications such as intelligent sensing, voice interaction, and visual recognition increasingly being integrated into a wide range of end devices.
Focusing on the development of edge intelligence, Artery continues to strengthen its AT32 ecosystem with AT32 AI Studio, a one-stop edge AI development platform designed to help developers efficiently build and deploy edge AI applications on AT32 MCUs, lower the barriers to AI development, and accelerate the transition from AI models to real-world products.
An Integrated Toolchain Streamlining the Entire Edge AI Development Process
AT32 AI Studio integrates key capabilities throughout the edge AI development process, including data processing, model training and optimization, simulation and validation, and code generation, into a unified development environment. This integration helps developers reduce tool switching and repetitive configuration, enabling more efficient integration of AI models into AT32 MCU applications.
With its graphical development workflow and automated code generation capabilities, developers can build AI applications more intuitively and quickly convert optimized models into embedded code compatible with the AT32 platform, further shortening the development cycle from algorithm validation to product implementation.
Optimized for Edge Computing, Enabling Lightweight AI Model Deployment
For resource-constrained embedded devices, model size, memory usage, computational requirements, and power consumption often directly determine whether AI applications can be successfully deployed.
AT32 AI Studio provides model optimization capabilities tailored to edge deployment requirements. Through techniques such as quantization and compression, the platform reduces model storage and computational resource requirements while maintaining accuracy and improving execution efficiency on AT32 MCUs. In addition, the platform includes lightweight neural network models designed for embedded applications, providing developers with an AI development foundation better suited to the resource constraints of MCUs. These capabilities enable AI algorithms to move beyond basic execution toward practical deployment and real-world applications.
Unlocking the Potential of AT32 Edge AI Across Diverse Applications
AT32 AI Studio has been successfully applied to various scenarios, including voice keyword recognition, Time-of-Flight (ToF)-based gesture recognition, and industrial anomaly detection, demonstrating its versatility. By leveraging AT32 AI Studio, developers can combine AI algorithms with the hardware capabilities of AT32 MCUs to enhance sensing and decision-making capabilities in end devices, expanding the potential of MCU-based applications in smart homes, industrial control, smart wearables, and human-machine interaction.
Focused on Practical Deployment, Bringing AI Development Closer to Real-World Products
For embedded AI applications, successful execution of a model on a PC does not necessarily guarantee stable operation on actual hardware. Model accuracy, resource utilization, and real-world performance must still be validated in the target hardware environment.
AT32 AI Studio incorporates simulation, evaluation, and practical deployment as essential stages of the development process, establishing a complete development–validation–deployment workflow. This approach helps developers thoroughly evaluate model performance on the AT32 platform during development, while automated code generation further facilitates integration with embedded software development.
Empowering the Ecosystem with Development Tools and Accelerating the Transition to Edge Intelligence
As applications evolve from traditional control to intelligent sensing, MCUs are becoming an important platform for extending AI capabilities to end devices. Artery Technology continues to enhance its software ecosystem and development toolchain centered on AT32 MCUs, reducing development complexity, improving model deployment efficiency, and providing developers with more comprehensive and efficient AI development support.
AT32 AI Studio represents an important part of Artery’s AI ecosystem development, bridging Physical AI and edge computing. Through an end-to-end development workflow, MCU-oriented model optimization, and automated deployment capabilities, Artery Technology will further unlock the potential of edge AI applications on the AT32 platform, helping developers integrate AI capabilities into end products more efficiently and bringing more intelligent applications from algorithms to reality.
Artery Technology specializes in the research, development, and innovation of 32-bit microcontrollers, providing high-performance, highly reliable products and solutions for a wide range of applications, including industrial control, consumer electronics, IoT, and smart applications. The company is committed to advancing intelligent technologies through continuous innovation.
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SOURCE Artery Technology
STOCKHOLM, Oct. 23, 2026 /PRNewswire/ —
Highlights of the third quarter of 2026
Net sales increased to SEK 33,919m (32,318) with organic sales growth of 3.5% (4.6). All regions contributed to the growth, driven mainly by increased sales volumes in Europe, Middle East & Africa, Asia Pacific (EMEA APAC), and Latin America, as well as positive price development in North America.Operating income excluding non-recurring items (NRIs) was SEK 912m (890), corresponding to a margin of 2.7% (2.8). Cost efficiency contributed SEK 1.4bn to operating income, offsetting the significant negative impact from external factors, primarily from increased raw material and logistics cost as a consequence of the Middle East conflict, and U.S. tariff costs.Operating income of SEK 607m (890), corresponding to an operating margin of 1.8% (2.8), included negative NRIs of SEK -305m referring to previously announced restructuring costs related to the strategic partnership with Midea Group in North America, and global organization and footprint optimization costs. In the quarter, the factory in Rosario, Argentina, was closed.Income for the period was SEK -340m (192) and earnings per share were SEK -0.46 (0.39).Operating cash flow after investments was SEK 3,608m (624), mainly driven by improved working capital, and U.S. tariff refunds. Investments continued to be at a low level.Net debt/EBITDA improved to 2.2x (3.5).Manufacturing joint venture in Anderson, U.S., for Fabric Care, with Midea Group in North America, became operational on September 1.
Events after the close of the period:
Sales joint venture, U.S., and manufacturing joint venture in Juarez, Mexico, with Midea Group in North America related to Food Preservation products became operational on October 1.
President and CEO Yannick Fierling’s comment
Strong strategic execution and resilient performance
The third quarter marked strong progress in the transformation of Electrolux Group. We continued to execute the strategic priorities and delivered resilient performance in a challenging market environment. Competitive pressure remained high, alongside significant cost headwinds from external factors, including raw material, logistic costs and U.S. tariffs.
In North America, we reached an important milestone as our strategic partnership with Midea Group became operational. All three joint ventures have been established, including the sales joint venture for Food Preservation and the manufacturing joint ventures in Juarez, Mexico, and Anderson, U.S. The closure of the Anderson factory contributed positively to earnings in the quarter. The repurposing of the site for laundry production is progressing according to plan. The sale of the Juarez assets to Midea Group was completed on October 1.
Across the Group, we continued to progress on the global organization and manufacturing footprint optimization. We are creating a leaner organization, with fewer employees and a greater share of resources closer to consumers and markets. In the third quarter, we closed the factory in Rosario, Argentina. In Italy, discussions with trade unions and institutions regarding the optimization plan are progressing according to plan.
Navigating diverse regional challenges
In North America, inflation concerns continued to weigh on consumer confidence. Demand shifted towards lower price points as consumers are impacted by inflation and prioritize affordability. Higher tariffs added significant cost pressure, forcing the industry to further increase prices in the quarter. In Europe, consumer confidence deteriorated as geopolitical uncertainty increased and inflation weighed on purchasing power and demand. In Brazil, market demand remained positive, although growth slowed significantly as elevated interest rates continued to affect consumers’ financing and household spending.
Organic sales growth and strong cash generation
Organic sales grew in the quarter, with resilient performance across all regions. Strong commercial execution enabled us to increase our value market share for both the Electrolux and the AEG brands in Europe. In Latin America, growth was driven by higher volumes. In North America, organic sales growth mainly reflected the price increases implemented to mitigate higher tariff costs.
Operating income excluding non-recurring items was positively impacted by cost efficiency. This was offset by significant external headwinds, with the Middle East conflict impacting with full effect, leading to substantially higher raw material and logistics costs. U.S. tariff costs also had a negative impact in the quarter. We expect the pressure from external factors to remain in the coming quarters. Operating income benefited from a positive effect related to a recovery claim for overpaid tax, included in cost efficiency. This more than offset the negative effect from a customer-related provision in Brazil.
Operating cash flow after investment improved to SEK 3.6bn, supported by improved operating working capital and U.S. tariff refunds. The leverage ratio improved to 2.2x.
Full-year 2026 business and market outlook
We now expect volume, price and mix combined to have a neutral operating income contribution, compared with previously positive, reflecting the challenging market environment across regions. The expected contribution from cost efficiency is changed to about SEK 4.0bn, reflecting the strong traction in our cost efficiency initiatives. The business outlook for investments in consumer experience innovation and marketing, external factors and capital expenditure remains unchanged, as does our regional market outlook.
Building long-term competitiveness
We remain focused on what we can control to win in the marketplace: resetting North America operations, optimizing our organization and manufacturing footprint, and capturing growth opportunities.
We are reshaping Electrolux Group into a more agile, competitive and consumer-centric company. I am proud of the performance in the third quarter and the commitment and drive across Electrolux Group as we continue our transformation.
Webcast and telephone conference 09.00 CEST
A video webcast and simultaneous telephone conference is held at 09.00 CEST today, October 23. Yannick Fierling, President and CEO, and Therese Friberg, CFO, will comment on the report.
If you wish to participate via webcast, please use the link below. Via the webcast you are able to ask written questions.
https://edge.media-server.com/mmc/p/pb2vmwpk/
If you wish to participate via telephone conference, please register on the link below. After registration, you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.
https://register-conf.media-server.com/register/BI00fde9a3778945cbb8a8c2c1c778f2cb
The press release and presentation material is available for download on the Investor Relations section on electroluxgroup.com.
This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on 23-10-2026 07:00 CET.
For more information:
Ann-Sofi Jönsson, Head of Investor Relations & Sustainability Reporting, ann-sofi.jonsson@electrolux.com, +46 73 025 1005
Maria Åkerhielm, Investor Relations Manager, maria.akerhielm@electrolux.com, +46 70 796 3856
Henry Sjölin, Investor Relations Manager, henry.sjolin@electrolux.com, +46 76 863 51 85
Electrolux Press Hotline, +46 8 657 65 07.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/electrolux-group/r/electrolux-group-interim-report-q3-2026,c4414138
The following files are available for download:
https://mb.cision.com/Main/1853/4414138/4335007.pdf
Interim report – ENG – Q3 2026
View original content:https://www.prnewswire.com/news-releases/electrolux-group-interim-report-q3-2026-302917815.html
SOURCE Electrolux Group
Volvo Cars Q3 2026: taking decisive action to navigate a very tough environment
Artery AT32 AI Studio Empowers Edge Intelligence, Accelerating AI Application Deployment
Electrolux Group Interim report Q3 2026
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