Messenger's back and Unicorn facts CAI & NLP 012
Image source: Entrepreneur

Messenger's back and Unicorn facts CAI & NLP 012

This week... Over $500m raised, and an AI-first unicorn. A selection of new use cases, plenty of which include Facebook Messenger. Is Messenger back? More insights from VUX World than you can consume in an average lunch break. NVIDIA launches new research into conversational AI in banking. New partnership announcements (does Mercedes have a new voice assistant?). Plenty of knowledge being dropped, events that you can't miss and a question on whether AI should be able to fire people...

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Presented by Symbl.ai and Deepgram

Learn more about Symbl.ai here.

Learn more about Deepgram here.

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Funding

Uniphore raises $400m and becomes a unicorn


Uniphore announced Wednesday that it had raised $400 million at a $2.5 billion valuation. It's the most funding raised by a call centre AI startup and makes Uniphore a unicorn. I ask the question: is the next Instagram, Uber, Airbnb; an AI company in customer service?

Virtual Beings Startup Soul Machines Raises $70M

We're continuing to see backing on the digital human front after Synthesia raised $50m in December. The world of virtual avatars and digital humans is just getting started. Expect to see them on the next Hype Cycle.

SKAEL Raises $38 Million Series A Round to Help Companies Hyperautomate with Next-Gen AI

SKAEL combines conversational AI and RPA (Robotic Process Automation) to automate workflows and improve customer experience. It uses the term 'digital employees', rather than 'conversational AI', a positioning angle that Amelia has used consistently. SKAEL focuses on the time employees can save when AI automates the mundane, and its new funding will fuel growth into this space.

New releases

Google releases a graphical user interface for its STT API

It's not a terrible interface. Pretty basic. The worst part about it is how poor the speech to text is. I transcribed a podcast and the word error rate was astonishing. Probably my accent.

LivePerson releases dynamic IVR routing,?dynamic actions, self-learning and interruptions

LivePerson has announced a bunch of new features that it hopes will bring about a more 'Curiously Human' level of customer experience with chatbots.?I wrote more about that here.

Use cases

PolicyBazaar launches an Whatsapp bot for claim settlements

PolicyBazaar, one of India's largest online marketplaces for insurance, has launched its AI-enabled WhatsApp chatbot to automate and expedite the claim settlement process for all its corporate clients.

Las Vegas Raiders launch chatbot on Facebook Messenger to engage fans

From Voicebot:

"The Las Vegas Raiders have debuted a chatbot for Facebook Messenger to communicate with fans. The team built the new AI in a partnership with GameOn Technology, which has developed similar services for other sports franchises."

VTB trials voice assistant that can predict client demands

From FinExtra:

"Russia's VTB is anticipating a 30% uplift in call centre automation following the introduction of a voice assistant that can anticipate client demands."

"Initially operating in pilot mode, the VTB voice assistant will not only identify the client at the time of the call, but also analyse their history of interaction with the bank, including previous requests. The system will form a suggestion of what the current query is related to, and immediately after the greeting, it will clarify the request with the client, for example, the amount owed on a loan."

Decathlon launches Facebook Messenger bot with great success

Another Facebook Messenger launch. I thought that was dying a slow death, but apparently not.

How's this for some outcomes:

  • 65% of customer interactions automated (though it doesn't actually specify whether it was?successfully?automated. there's a difference)
  • 96% customer satisfaction (up from 79% when it was live chat alone. Yep, bots improve customer satisfaction)
  • 25% increase in agent productivity after launch?
  • 25% decrease in support costs (this is always hard to quantify properly. Did they lay off 25% of staff?)

Decathlon uses Hootsuite and chose to use HeyDay for its Facebook Messenger bot. Hootsuite acquired HeyDay in August 2021 for $48m for exactly this reason: to sell into its current customer base a 'proprietary' solution to increase LTV of customers, and keep customers in its ecosystem. Smart move.

Listen to Anna Ralph of HeyDay chat conversation design best practice on VUX World.

Insights

Here's 4 big mistakes you're making when it comes to implementing AI

NVIDIA release research showing the opportunities for AI in banking?

From Verdict:

Key takeaways:

  • Fraud detection – 8 of 10 financial firms are using AI to reduce the estimated $5trn in global fraud each year;
  • Conversational AI – banks infusing AI across customer service channels from self-service chatbots to call center virtual agents that complement customer service representatives;
  • Personalised recommendations – From robo advisers to optimisation of marketing and cross-sales channels, AI-led recommendation systems are delivering hyper-personalised experiences to bank customers.

Knowledge

Is this the true value of voice assistants?

A piece inspired by the conversation I had with Bobby Bryant, CEO, DOSS last week about the missing ingredient in most voice assistants and voice user interfaces. An ingredient without which, the whole thing is pointless.

Transforming customer communications with Shawn Edmunds, CRO, Lumenvox

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Partnerships

Twilio partners with Lumenvox for speech technology?

Twilio?is integrating?LumenVox’s speech and voice recognition technology into its own cloud communications platform. The company is specifically hoping to enhance the utility of the platform’s Voice and Flex offerings, and believes that LumenVox’s Speech Experience will lead to better outcomes for clients and their individual end users.

Mercedes and Sonantic partner on making Hey Mercedes sound more real

You might be familiar with Sonantic from last week: the Valentine's Day voice over. Perhaps you heard the Val Kilmer story. Both Sonantic.

And it's now powering the voice of the latest Hey Mercedes assistant built into the prototype car,?Vision EQXX.

So, it's not actually powering the real Hey Mercedes assistant just yet, but it's a vision for the future of how voice assistants will sound.?

Events coming up

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If you'd like to learn more about how to utilise Google CCAI in your contact centre, join me and Servion on March 9th. I'll take a deep dive into some specific nuances that you need to consider when thinking about call centre automation and Larry Hitchcock will show you how to build your first bot.

Register here

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Disruptel really is building the future of voice assistants. Imagine being able to ask your TV things like "How tall is the guy on the left?" and get an answer. Or ask "What's that jacket James Bond is wearing?" and be able to buy the exact same jacket right there and then from your sofa.

Well, that's what Disruptel is building. Voice assistants that can see, sell and much more.

Advised by the legendary creator of Apple Siri and Samsung Bixby, Adam Cheyer, the potential of Disruptel is, well, disruptive... And huge.

We're joined on Wednesday (today) by CEO Alex Quinn to hear about the vision for Disruptel, the use cases it enables and the future of voice assistants that can see.

Register here

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We'll be chatting to the Voxable team, Matt Buck and Lauren Golembiewski, about the past, present and future of conversation design on Thursday.

Where’s conversation design headed? Is technology taking over, making designers redundant? Will technology like?GPT-3 make a designer's life easier? How has the role of conversation design evolved over the years and what’s?going to change or remain in future? Join Voxable’s Matt Buck and Lauren Golembiewski to dive deep into the?future of conversation design.

Register here

Some things to think about:?

Can AI fire humans, ethically?

What jobs should we give to AI? How about the ability to judge how good you are at your job, and make some decision about whether you should continue to have your job, should you not be doing your job as good as you should?

Can silent speech recognition work??

Check out SpeeChin. A camera that recognises what you're saying by using image recognition to match the pattern your chin makes when you're talking to the words you're saying.?

Now, the thing only recognises about 50 words in English and another 50 or so in Chinese and has a 90% accuracy rate. Also, results vary wildly depending on whether the subject is moving or not.?

Yep, you're right, it's complete nonesense that likely won't go any further than this, but it's a cool little story and does at least have its roots in a real challenge: getting the speed and UX benefits of voice user interfaces while in situations where speaking is prohibitive.?

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VUX World is the front door to the world of AI-powered customer experience, helping business leaders and teams understand why voice, conversational AI and NLP technologies are revolutionising how we live, work and get things done.

We help executives formulate the future of customer experience strategies and guide teams in designing, building and implementing revolutionary products and services built on emerging AI and NLP technologies.

Find out more about how VUX World can help your brand succeed with AI.

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Image source: Entrepreneur

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