Sharing Economy International Inc (NASDAQ: SEII) saw its shares drop slightly Wednesday after the Hong Kong-based company`s Inspirit Studio Limited subsidiary announced plans to partner with Asiabots Ltd. to develop A.I. and machine learning smart delivery services.
A release out early Wednesday shows Asiabots has developed A.I. and machine learning business solutions for cross-regional business clients, including major retailers and consumer products companies, private companies and government organizations.
Through its Chatbot engine, companies can provide online customer service via a chat robot, which can intelligently respond to customer inquiries by mimicking human conversation.
Utilizing natural language processing (NLP) to understand the user's intention and leveraging the power of machine learning and A.I., the chatbots can be trained to learn more about users and in turn to provide more personalized service.
SEII plans to integrate this technology into its peer-to-peer community delivery service platform, BuddiGO, which allows users to outsource daily chores and mundane tasks to "Buddies" who can spare idle time to run errands. The Company expects to launch this new service in the second quarter of 2018.
According to Inspirit CEO Kurt Tam, "By working with Asiabots, we plan to implement smart delivery, a revolutionary model that perfectly integrates A.I. and O2O delivery services, and pioneer the Asia market.
"Rebranded from Anyway and backed by A.I. technology, BuddiGO will enter the age of the intelligent app. Thanks to our chatbots, our users will be able to simplify their ordering and service experience.
The stock got set to greet the closing bell Wednesday at $4.90, off 14 cents, or 2.8%, from Tuesday’s close.
