Privacy Policy
Last updated: January 2024
Artificial Mind, Inc. DBA: Socratics.ai ("we", "our", or "us") is committed to protecting the privacy of your data. This Privacy Policy outlines our practices concerning the collection, use, and sharing of your information through the use of our web-based application (the "Service").
1. Data Collection and Usage
When you use the Service, we collect uploaded documents including but not limited to spreadsheets containing your financial statements, PDFs, and presentation slides ("Customer Data"). Customer Data is used to generate AI-based financial models and executive summaries, and presentation slides. Customer Data may also be utilized for improving our AI algorithms.
2. Data Storage and Protection
Customer Data is stored securely in cloud storage provided by a third-party cloud service provider. The data is encrypted to ensure its confidentiality. Our employees may access your data only for the purposes stated in this Privacy Policy and are bound by confidentiality agreements.
3. Data Sharing and Third Parties
To process Customer Data and generate financial models, we may pass your data to Large Language Model (LLM) providers. These providers are prohibited from using your data for any other purposes.
4. User Consent and Rights
By using the Service, you consent to the collection, use, and sharing of your Customer Data as described in this Privacy Policy. You have the right to request a copy of your Customer Data, have it sent to you, or have it deleted from our records. Requests can be made by contacting our support team.
5. Compliance with Legal Regulations
We comply with the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). If you are a resident of the European Union or California, you are granted additional rights under these regulations.
6. Notification of Changes to the Policy
We may update this Privacy Policy from time to time. When we do, we will notify you by emailing you and requiring you to accept the updated policy upon your next login to the Service. We encourage you to review this Privacy Policy periodically to be informed of how we are protecting your information.
Contact Us
If you have any questions or concerns about this Privacy Policy, please contact us at info@socratics.ai.