The Asknot AI tool consists of a chatbot named Kimi and GPT training abilities. It can be accessed by users through a simplified menu, but coding knowledge is required. There is a 5-day trial available without any risks, and users can opt for a monthly pricing plan of $9.99 per user with unlimited syncs. The tool allows a maximum token limit of 300k for chat and AI search, and users can create up to 1k chat sessions.