Frontier Capital launches AI Chatbot to cater tuk-tuk industry
Sri Lanka’s post-war era emerging investment banker Frontier Capital Partners has recently released a newly developed advanced Artificial Intelligence (AI) Chatbot assistant titled ‘Tukboy’.
Tukboy caters to commuters who use the services of Tuktuk App owned by Tuktuk Network.
According to the company officials the ‘Tukboy’ Chatbot has been developed using world’s AI based Super Computer IBM Watson’s technology along with the support of English, Sinhala and Tamil languages.
“Carefully studying the future trends of the world and other countries and the potential of AI technology we took a step forward in investing in the AI based Virtual Assistant industry or the famous Chatbot industry just few months ago.
‘‘Now we have come up with an AI Chatbot product that caters to over 22 million commuters in Sri Lanka with all three languages,” Founder and Managing Partner of Frontier Capital Partners Nishan Sumanadeera said.
“We further intend to develop this in many languages as possible in time to come. I hope this will help Sri Lanka’s future generations and current countrymen as well as commuters or even tourists visiting Sri Lanka on making proper and efficient decisions on affordable and convenient transportation solutions to reach their destination” Sumanadeera added. Sri Lanka haf over 1 million or exactly 1,139,524 tuk tuks or the three wheelers and over 4 million or exactly 4,044,010 motor cycles registered according to the Department of Motor Traffic data for the year 2017.
Sumanadeera said he and his team invested over Rs. 150 million, 4 years ago in a technology-based transport company – Tuktuk in Sri Lanka which has now grown up to over Rs.1 billion.
“I am willing to take this initiative to other industries and release more AI products to various industries including banking, insurance, tourism, economic analysis, education industry and healthcare sectors in next five years,” Sumanadeera said adding that he would invite his international partners and other foreign investors to take part in this projects to put in seed capital.