An SA company with an Amazon connection
MoneyMakers’ Bruce Whitfield speaks to Vian Chinner, CEO of Xineoh, about its connection to Amazon and why it is getting the attention of US venture capitalists.
Tue, 11 Jul 2017 08:54:47 GMT
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AI Generated Summary
- Xineoh leverages AI algorithms to connect users with personalized content on platforms like Amazon and Netflix.
- The company generates revenue through affiliate partnerships and licensing their algorithms.
- The upcoming launch of the Video Llama app signals a new phase in user interaction and personalized recommendations.
Xineoh, a South African company with a remarkable Amazon connection, is making waves in the world of artificial intelligence. In a recent interview on CNBC Africa's MoneyMakers, Vian Chinner, the CEO of Xineoh, shed light on how their innovative AI algorithms are reshaping the way users consume content on platforms like Amazon and Netflix.
Chinner explained that Xineoh's primary goal is to connect the right product with the right person by leveraging data and machine learning. While they have not directly supplied algorithms to Amazon, they have previously provided internet traffic to the tech giant. Their platform aims to help users navigate the vast catalogs of content available on various streaming services by understanding their preferences and recommending tailored content.
One of Xineoh's key features is its ability to analyze user behavior and preferences in real-time, allowing for a personalized recommendation experience. By assigning a unique 'fingerprint' to each piece of content, Xineoh can match users with their preferred movies or shows accurately. This level of personalization not only enhances user satisfaction but also drives revenue for Xineoh through affiliate partnerships.
The company has historically generated income through licensing their algorithms and affiliate revenue. By directing users to platforms like Amazon or Netflix through their recommendations, Xineoh earns a commission for facilitating the sale. This business model not only benefits Xineoh financially but also streamlines the content discovery process for users, saving them time and effort.
In terms of user interaction, Xineoh has primarily operated through Google ad spaces and web properties. However, with the upcoming launch of their app, Video Llama, users will soon have a dedicated platform to access Xineoh's services. The app is set to debut on the app store in the coming weeks, providing a more seamless and personalized user experience.
Chinner emphasized the importance of marketing and visibility in the competitive entertainment industry. While having a superior product is crucial, effective marketing and endorsements play a vital role in driving user adoption. Xineoh is optimistic about the potential success of Video Llama and believes that their cutting-edge algorithms will set them apart in the market.
Despite facing challenges in gaining traction and visibility, Xineoh is confident in the quality of their product and the accuracy of their algorithms. Chinner expressed his belief that Xineoh's AI technology is world-class and capable of delivering unparalleled recommendations to users.
As Xineoh continues to innovate and expand its reach, the company remains committed to revolutionizing the entertainment industry through AI-powered solutions. With a focus on personalized recommendations and affiliate partnerships, Xineoh is poised to make a significant impact on how users discover and consume content in the digital age.