Thursday, April 6, 2023

Lexi, the new Chatbot in India


Another Achievement


India has become an intellectually dexterous country since it is hastily adopting new technologies. On Monday, a team of their software developers launched the first ever ChatGPT powered WhatsApp bot which is taking the country to a next level of development. This new Chatbot, Lexi, is a product of their financial technology company known as Velocity. Lexi is good news for the consumers who can now use and take advantage of the analytical app in a far more conversational way. The company aims at providing a simple, seamless and customized chat experience to the users of Velocity Insights (analytical tool kit). Business owners will now have access to business information in a simplified way. The introduction of Lexi is an important milestone for India and it is evident from this that the country is not far from reaching technological heights, especially in the field of Artificial Intelligence.

The Details

It is important to note that Lexi is based upon the GPT-3 language model of OpenAI which is why it is able to understand and process the users request accurately and in a user friendly way. It can give recommendations, perform activities and even provide answers to your inquiries. Users are able to communicate with it through natural language. One unique feature of Lexi is its ability to analyze and learn from user’s interactions and provide an individualized experience to them on that basis. Lexi also incorporates machine learning technology to improve its performance by accessing the users’ data. As more and more people interact and engage with it, it becomes more precise, effective and useful. 

Many reports have revealed that within two months, the number of ChatGPT users rose to 100 million. Since then, the team of professionals at Velocity has been thinking of ways in which it can benefit its founders. As per the company's owner, the integration of ChatGPT with Velocity Insights will be helpful for the ecommerce giants as it will aid them in business decisions through conversational means. This will give them time for critical business functions. All the e-commerce companies that use Velocity Insights get a business report on a daily basis through Meta powered WhatsApp which encourages them to integrate ChatGPT in the same WhatsApp interface.

With the emergence of ChatGPT the whole aura of countries around the globe has changed. This change is inevitable so every nation has to adopt this new technology to remain on the same page just like India which is going through a development phase at a very surprising pace.

 

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