Leading AI company — trusted by the world's biggest brands — launches cutting-edge, safe, and secure LLM and Voice capabilities, with exclusive demos set for May 2, 2023 launch event
Introduces low-risk, pay-as-you-go pricing framework to increase access to responsible AI
NEW YORK, April 25, 2023 /PRNewswire/ -- LivePerson (Nasdaq: LPSN), a global leader in Conversational AI, today announced the launch of its upgraded Conversational Cloud platform, which now features trustworthy Generative AI and Large Language Model (LLM) capabilities. These new features are built on the foundation of LivePerson's unique expertise and data set powering AI conversations across every major industry for the world's biggest brands. The upgraded Conversational Cloud combines the power of LLMs with LivePerson's safe and responsible AI to boost human productivity across voice and messaging channels, driving better outcomes for businesses, their employees, and their customers.
Since its inception inventing webchat for brands, LivePerson has continually delivered enterprise-grade standards for trustworthy digital engagement. As part of its long-term vision for AI, the company focused on leveraging LLMs early and is now uniquely positioned to help enterprises leverage generative AI and LLMs for better business outcomes:
"Businesses have always dreamed of automating truly human-like conversations on a massive scale, but the effort and expense put this dream out of reach until the dawn of generative AI and LLMs. But the hard truth is, these technologies are not fit for business use right out of the box," said LivePerson founder and CEO Rob LoCascio. "Our new trustworthy AI capabilities offer guardrails designed to make LLMs safe and effective for even the world's biggest brands — all while bringing digital experiences for their employees and end-consumers to new heights."
LivePerson's platform upgrade and new capabilities are designed to empower businesses to safely and productively leverage LLMs and generative AI for maximum cost savings and impact:
LivePerson has partnered with several LLM providers to help brands leverage the best models for their unique needs, including with Cohere to deliver custom LLMs. The company is also co-innovating with some of the world's largest brands around the responsible use of AI for better employee and customer experiences.
"On top of our successes to date with LivePerson's Conversational AI and platform, LLMs and generative AI hold enormous promise to help us scale seamless and personalized conversations even further," said Bhavesh Panchal, Head of Channels and Digital Adoption at leading UK telecom TalkTalk. "LivePerson's new AI capabilities are agile and dynamic, and they give us the ability to learn about and adopt the latest generative technologies. Their safeguards will also help us ensure that our customers enjoy the same level of care and safety that they have come to expect, all while maintaining our brand persona to generate meaningful and accurate responses. We can't wait to begin leveraging these new capabilities to transform our employee and customer experiences."
As a reflection of LivePerson's belief in the value of its new suite of trustworthy AI solutions, interested businesses can try all features and capabilities, including messaging and voice channels, analytics and insights, and the agent workspace, within an easy-to-access, low-risk pay-as-you-go pricing framework.
"As a worldwide brand selling to more than 25 distinct markets, LivePerson's pay-as-you-go framework is the best fit for us," said Andrew McGuigan, Global Leader, Rider Care at Specialized, the global bike manufacturer. "Today, our CSAT score for messaging interactions with retailers and riders is 93% and growing. As we continue to roll out LivePerson's solutions across multiple languages, channels, and markets, pay-as-you-go provides us with the flexibility we need to strategically scale up AI for our business with a trusted partner."
Join LivePerson's historic generative AI launch event on May 2, 2023 at 12 PM ET to learn more. The event will include:
About LivePerson, Inc.
LivePerson (NASDAQ: LPSN) is a global leader in Conversational AI. Hundreds of the world's leading brands — including HSBC, Chipotle, and Virgin Media — use our Conversational Cloud platform to engage with millions of consumers as personally as they would with one. We power nearly a billion conversational interactions every month, providing a uniquely rich data set to build connections that reduce costs, increase revenue, and are anything but artificial. Fast Company named us the #1 Most Innovative AI Company in the world. To talk with us or our Conversational AI, please visit www.liveperson.com.
Forward Looking Statements
Statements in this press release regarding LivePerson that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. It is routine for our internal projections and expectations to change as the quarter and year progress, and therefore it should be clearly understood that the internal projections and beliefs upon which we base our expectations may change. Although these expectations may change, we are under no obligation to inform you if they do. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include without limitation, our ability to execute on and deliver our current business and product plans and goals, and the other factors described in the Risk Factors section of the Company's most recently filed Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 16, 2023 and as from time to time updated in LivePerson's Quarterly Reports on Form 10-Q. The list of Risk Factors is intended to identify only certain of the principal factors that could cause actual results to differ from those discussed in the forward-looking statements.
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SOURCE LivePerson, Inc.