Business
Partnership with WeShop
Partnership with WeShop.
About this update from Satsuma Technology Plc
[{"type":"text","content":"\n\n3rd August 2023\n \nStreaks AI PLC\n ('Streaks' or 'the Company')\nPartnership with WeShop Social Selling Platform\n \nStreaks AI PLC (LSE: STK), a UK-based generative AI platform, is pleased to announce that it is entering into a partnership with WeShop, a community owned social commerce platform that combines shopping with social media and has a network of over 1,300 influencers with a combined reach of over 50 million followers.\nAs a result of the partnership, Streaks will utilise its conversational AI technology to enhance the WeShop platform by providing shoppers with enhanced and personalised customer services using AI-powered chatbots modeled after the platform's 1,300 influencers. The generative AI provided by Streaks will deliver a human-like, intuitive conversational interface for shoppers seeking in-platform assistance including addressing queries, resolving issues, or receiving product information.\nThe automation and personalisation of WeShop's online customer services will deliver increased operational efficiency for WeShop while being scalable.\nIn addition to enhancing customer services, Streaks will also enable WeShop's network of 1,300 influencers to improve their brand advocacy and increase their reach amongst followers. Streaks will harness their existing social media content and data to generate AI-clone interactive chatbots that amplify their customer presence.\nThe partnership will generate revenues for Streaks via influencer's followers subscribing for access to their individualised chatbot. WeShop will share in this revenue as part of the partnership while providing distribution to their network.\nWeShop will also gain access to Streaks' data analytics platform giving WeShop clarity on consumer trends and insights.\nThe WeShop app lists over 500 major retailers on the platform and has over 1.5 billion products available.\nTennyson Securities acted as advisor to Streaks AI in the partnership negotiations.\nMark Rutledge, CEO of Streaks, said: \"We are thrilled to join hands with WeShop, a trailblazer in the social selling domain. Together, we will redefine customer service and engagement, enabling brands to build stronger connections with their audience. This partnership marks the beginning of a new era, where AI and social selling merge to create unforgettable experiences for customer...