Empresa na Hora: artificial intelligence will help choose the name of the company

The names available to those setting up a company through the Empresa na Hora service will now be created with the help of an Artificial Intelligence (AI) algorithm.

This Simplex measure will allow the AI algorithm to suggest names relevant to the business activity of the new company

The system creates a name, based on some requirements, such as the Classification of Economic Activities (CAE). The IRN team checks that the name is appropriate and not confusable before validating it. Once these requirements have been met, the name generated is inserted into the business name registry.

See the explanatory video on this Simplex measure - Automating the Names and Firms Exchange.

Source: Portal da Justiça