Lexi, India’s First AI-Based Chatbot Introduced in India- Lexi, an AI-based chatbot powered by ChatGPT, a complex computer system, was recently launched in India. Velocity, a financial technology company, is the creator of the chatbot. Additionally, it is incorporated into their internal analytics software. Take a look at this tech-driven Chatbot’s interesting facts, configuration, and advantages in the following article.
Lexi, an AI chatbot powered by Chat GPT that Velocity, a financial technology company, just launched in India, is now available. The purpose of this chatbot is to provide founders of e-Commerce with straightforward assistance and business insights. In addition, Velocity Insights, the company’s own analytics tool, has been incorporated into it. The official chatbot was announced in an online blog post by Velocity.
Lexi, India’s First AI-Based Chatbot Introduced in India
In a blog posted on 2024 (Monday), the income based supporting organization Speed expressed that “We are excited to send off India’s first chatbot device that is coordinated with ChatGPT. We have incorporated this most recent progression in man-made brainpower with our current examination device – Speed Bits of knowledge.
Discussing the advantages, the President and prime supporter of Speed, Abhiroop Medhekar talks in a similar blog entry that the accessible item groups are now considering various potential ways of involving the ChatGPT innovation to serve their purchasers. He further added that endeavors are being placed to give influence to Online business originators. Since the ChatGPT has been sent off, so the item colleagues have been conceptualizing the way in which helping the founders can be utilized.
India’s First AI-Based Chatbot Introduced in India Overview
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All about AI-powered Business Insights
Because Velocity customers use Insights on a daily basis, the company decided to integrate ChatGPT with the same interface so that they can use it to guide business decisions. In terms of its advantages, Velocity insights assist businesses in closely observing the activities related to their market spending, revenues, and a variety of other developments. It has the potential to offer founders crucial business insights. WhatsApp provides access to this feature in the form of a daily business report. The same WhatsApp interface now includes the Generative Pre-Traind Transformer (ChatGPT). Customers will be able to use the AI-based Lexi and ask questions or inquire with the assistance of this software as a result.
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What are AI Chatbots & How do they function?
A chatbot is simply software that imitates human conversation. These chatbots decode customers’ questions and generate automated responses by utilizing artificial intelligence (AI) and natural language processing (NLP). Despite their long existence, these intelligent machines lack a “human touch.”
Because ChatGPT provides responses that are comparable to those provided by a human, this feature enables tremendous growth, which prompted Google to develop its own AI chatbot, Bard. A new Bing version with a chat option was recently launched by Microsoft in collaboration with OpenAI, the parent company of ChatGPT. The responses are very similar to those provided by ChatGPT.
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Integration of ChatGPT with Velocity
eCommerce entrepreneurs now have access to AI-powered business insights in a conversational manner thanks to the combination of Velocity Insights and ChatGPT. According to the company, this will free up their time for important business activities.
However, Bing and Bard each have their own set of objectives and obstacles to overcome. Additionally, they are in the initial testing stages at the moment. Bing was criticized by users for “gaslighting them and refusing to accept its mistakes,” as stated in several reviews, while Bard was held accountable for making a factual error in its very first demo video.
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ChatGPT A New Record in Technology Industry
In November 2022, ChatGPT was initially made available to the general public. The AI chatbot had been initially launched as a test by the model’s developers. However, when a large number of individuals began using it, they were also surprised and excited.
Engineers used ChatGPT to assist them in writing their codes, whereas students used it to write academic assignments. It could be used by musicians to compose music, and content creators used it to create engaging content and video scripts. Since then, this has been widely used and quickly gained popularity. A paid version of ChatGPT was previously announced.
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