Abujamra: OpenAI will not solve complex PDF table extraction soon
Alex Abujamra · He Did $1m last year selling South American Business Data to firms like CapIQ · Feb 29, 2024 · at 12:12
Alex Abujamra, founder and CEO of Klooks, explains why LLMs cannot easily automate the extraction and validation of unstructured financial tables.
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“I don't see open AI and these folks solving this problem so early because when you go into PDF tables, it, there's a lot of things that OCRs don't solve.”
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“Maybe once we reach, like, five to ten million dollars in revenues, that might make sense, because our process is really unique.”
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“And we're the only ones that are investing heavily on, on crawlers too, too hard to find sources.”
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“In our data as a service, I don't see that making the big difference that would change us from a million to a hundred million. Where I see that happening is, is on our service that turns PDFs into structured data. If we do that internationally, if we can find …”
Abujamra: Klooks will probably reach $1M in revenue in 2024
“We've had some interesting growth last year, kind of 50% growth, and this year we are probably reaching one million dollars in revenues.”
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“It was kind of 800,000. Yeah, that was it.”
Abujamra: Klooks sold private Brazilian financial data to Bloomberg, Capital IQ, and Moody's
“Originally the data we would sell to other intelligence platforms. So we would sell to Bloomberg, to Capital IQ Moody's analytics. So these guys would get our data, which is like financial data of private Brazilian companies and just put on their products unde…”