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Motley Fool Hidden Gems Investing

AI is Much More than ChatGPT

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 21 May 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

An artificial intelligence program could soon create a digital version of yourself. So, what are the implications when that’s possible? Rob LoCascio is the founder and CEO of LivePerson, a company that develops conversational commerce and AI software. Ricky Mulvey caught up with LoCascio to discuss: - How artificial intelligence will change how you interact with brands - Starboard Value’s campaign to change LivePerson’s board and CEO - The unlocks that quantum computing could provide tech companies - What natural language processing programs are revealing about interspecies communication Companies mentioned: LPSN, GOOG, GOOGL Host: Ricky Mulvey Guest: Rob LoCascio Engineer: Rick Engdahl Production Assist: Dana Corl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I call it like a be your pet, you know, like your pet dog, you know, like something you love and cares for you.

0:06.0

And then I think the brands have to have their own AIs.

0:09.0

And I think these AIs connect.

0:11.0

And so that's where we look at it as we call it the digital twin is that ultimately the brands have a digital twin of you as a representation of how you engage with their brand.

0:21.0

And when your digital twin shows up, you can connect with theirs and they will get things done for you.

0:31.0

I'm Mary Long and that's Rob Lucasio, founder and CEO of Life Person, a tech company that uses artificial intelligence to help brands talk to their customers.

0:41.0

If you've been on a web chat with a customer service spot, you've probably used its technology.

0:46.0

Ricky Mulvey caught up with Lucasio to talk about why your interactions with companies could soon change drastically.

0:53.0

How Lucasio is navigating a stock price drop of more than 90 percent, well also facing an activist campaign threatening his job.

1:01.0

And the way his natural language processing could transform how we communicate with, wait for it, animals.

1:08.0

It's gonna get pretty weird, but it is a very fun ride.

1:16.0

Right now going into 2023, what are what are some of the use cases for for live persons products where where could I specifically have encountered it?

1:24.0

Sure, so we provide all the messaging AI platforms for some of the large brands in the world.

1:30.0

So if you're on Delta Airlines or Verizon or United Healthcare or Home Depot and your messaging or chatting, that's our platforms.

1:40.0

I was gonna ask where you can fit in the competitive landscape with call centers and other AI chat products, maybe even companies like Twilio.

1:48.0

Yeah, so we were the first out seven years ago, we pioneered the messaging platform and my goal back then still holds today is that I want to get rid of the traditional 800 number.

1:58.0

I want to kill, I used to kill the 800 number. I just think this idea of talking by voice, pressing one, two, three, what we call an IVR should be gone.

2:08.0

And that's what I've been after for the last seven years. Messaging went a long way. We added a lot of AI into it.

2:15.0

But now a generative AI, like there's a path now to kill it once and for all.

2:20.0

Well, in part of that path for you involves this new product where voice is back into calling and in human speaking with essentially AI chat bots and getting real time reaction.

2:30.0

Obviously all the generative AI stuff makes it the machine understand natural language better than ever before.

2:37.0

The other part of that is the data set that's gonna power that and the next part is the actions like I want to make it I want to buy something and there's got to be actions off of that, which generative AI itself doesn't quite do that.

...

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