Lexi: India’s First AI Assistant Powered By ChatGPT – Lexi was made public by the company on Monday via its official blog. We want to help founders of e-commerce gain leverage. Abhiroop Medhekar, Velocity’s CEO and co-founder, stated, “Our product teams have been brainstorming on how it can be leveraged to benefit our founders since ChatGPT launched.”
Lexi: India’s First AI Assistant Powered By ChatGPT
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India’s first artificial intelligence (AI) chatbot has been launched by Velocity, a local financial technology company that has integrated with OpenAI’s ChatGPT. The chatbot is called Lexi by the company. Velocity Insights, the company’s existing analytics tool, now includes the most recent AI advancement.
The company claims that it has integrated ChatGPT into the same WhatsApp interface as all of the Indian e-commerce brands that use Velocity Insights and receive daily business reports on the instant messaging app. Since the ChatGPT’s launch, our product teams have been brainstorming ways to use it. The group has been thinking about how to use it to help our founders. We integrated ChatGPT with the same interface that Velocity customers use to drive business decisions because Velocity customers already use Insights on a daily basis,” Abhiroop Medhekar, co-founder and CEO of Velocity.in, said in a statement.
Lexi: India’s First AI Assistant Powered By ChatGPT Overview
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What is India’s first AI chatbot powered by ChatGPT?
The AI chatbot Lexi, which is powered by ChatGPT, has arrived in India. The chatbot was launched by Velocity, a financial technology company, to simplify business information for e-commerce owners. The chatbot and Velocity insights, the company’s exclusive analytics platform, have been linked. The company unveiled the chatbot in an official blog post.
Lexi India’s first ChatGPT-Powered AI Assistant
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 ChatGPT 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.
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Here’s all you need to know about Lexi
- According to Velocity, more than 3,000 brands rely on Insights, the company’s existing business analytics tool, to make informed business decisions. The ChatGPT-powered tool has been integrated with Insights.
- It stated that brands using Insights receive a daily WhatsApp business report. The bot has been integrated into this WhatsApp interface.
- Brands can use AI to make business decisions in a “frictionless conversational manner” thanks to this integration.
Velocity Creates Indigenous Lexi Chatbot
“We are thrilled to launch India’s first chatbot tool that is integrated with ChatGPT,” the revenue-based financing company Velocity wrote in a blog entry that was published on Monday, February 13, 2024. Velocity Insights, our current analytics tool, has been incorporated with this most recent artificial intelligence innovation.”
In the same blog post, Velocity’s CEO and co-founder, Abhiroop Medhekar, discusses the advantages, stating that the available product teams are already considering various potential applications of the ChatGPT technology for the benefit of their customers. He went on to say that efforts are being made to give eCommerce founders leverage. The members of the product team have been thinking about how the ChatGPT can help the founders ever since it was released.
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.
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.
FAQ’S
What was the first AI chatbot?
What is the name of first chatbot in India?
India now has a ChatGPT-powered AI chatbot for the first time. Velocity, a financial technology company, developed the Lexi chatbot, which is now a part of their in-house analytics platform.
What is the history of conversational AI?
Alan Turing proposed in the 1950s that a computer program could communicate with humans. Eliza, the first chatbot software, is a computer program that uses natural language processing to mimic the language of a psychotherapist.
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Monya is a 25-year-old site author with a Bachelor’s degree in Architecture (B.Arch). While her academic background is in design, Monya’s true passion lies in entertainment, particularly movies. As a site author, Monya focuses on creating engaging content related to movies and the entertainment industry. She is passionate about sharing her opinions and insights on the latest films, as well as exploring the history and evolution of cinema.