CAGR Insights – 21 Mar 2025

CAGR Insights is a weekly newsletter full of insights from around the world of the web.

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Chart Ki Baat

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Gyaan Ki Baat 

Patience is the Key to Investing Success

Investing is much like growing a Chinese bamboo tree. For years, the tree shows no visible growth above the ground. But during this time, it is quietly building a strong root system underground. Then, almost miraculously, it shoots up to towering heights in just weeks. The lesson? True success in investing requires patience and a solid foundation.

When you invest for the long term, your money works silently behind the scenes—compounding, weathering market fluctuations, and building financial stability. Just like the bamboo tree, your portfolio needs time to establish its “roots” before delivering visible results. Impulsive decisions and chasing quick returns can uproot your progress.

Remember, patience allows you to harness the power of compounding, ride out market volatility, and achieve sustainable growth. Stay focused on your long-term goals because, just like the bamboo tree, your investments will eventually grow tall and strong if nurtured with time and discipline.

Personal Finance

  • PFRDA notifies assured pension scheme for govt employees: How loss from equities could help you save more tax: Want to legally avoid paying capital gains tax on equities? Tax harvesting can help you save big! Learn how to offset losses, maximize exemptions, and carry forward gains for 8 years. Don’t miss out on this smart tax-saving strategy! Read here

  • I have a group term life insurance plan. Will this be adequate to meet my family’s financial needs? A general guideline is having a life cover of at least 10 to 11 times your annual salary, but this can vary based on unique factors. To learn more Read here

  • How may a travel fund SIP change the way people save for vacations? Saving for a vacation often feels like an afterthought — many people either use their credit cards or dip into their savings at the last minute. But what if there was a structured way to save for travel while locking in the best deals?Read here

Investing

  • How Not to Invest: Investment success often comes from avoiding mistakes rather than seeking big wins. How Not to Invest highlights common errors, like overconfidence in private investments, timing markets based on tax policy, and laziness in managing money, offering valuable lessons for all investors. Read here

  • I have Rs 20 lakh. Here’s how I plan to reach Rs 1 crore: Abhay, a casual investor, accumulated Rs 20 lakh by 32 through unplanned investments. Realizing the need for strategy after marriage, he decided to change his approach. To learn from Abhay’s story.Read here

  • How should I start investing? If you’re a young graduate eager to start investing, prioritize building an emergency fund first, then aim to invest 15% of your income in a diversified portfolio, focusing on equities and high-growth sectors. Plus, discover how mediation can save you time and money in legal disputes— to learn more! Read here

Economy & Sector

  • India’s economic indicators and consumption trends shows sustained growth momentum: India’s economy shows resilience, with projected 6.5% growth in 2024-25, fuelled by strong private consumption, government spending, and sectoral performance. Key industries like construction, financial services, and trade thrive, positioning India as a stable growth leader globally. Read here

  • The Future of Decentralized Autonomous Organizations (DAOs) In the Indian Economy: DAOs are redefining business, finance, and governance in India by enabling transparency, financial inclusion, and decentralized decision-making. From crowdfunding to supply chains, they promise efficiency and innovation—but regulatory clarity and adoption challenges must be addressed for their full potential to unfold. Read here

  • India to dethrone Germany as world’s third-biggest economy by 2028: India is poised to surpass Germany and become the world’s third-largest economy by 2028, driven by robust economic growth, strong policy frameworks, and improving infrastructure, according to a recent Morgan Stanley report. Read here

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Check out CAGRwealth smallcase portfolios

Our smallcase portfolios are ranking well in the smallcase universe in terms of 1-year returns.

• CFF (launched in June 2022) – Ranked 1st amongst smallcase with medium volatility.

• CVM (launched in May 2022) – Ranked among Top 20 across the Momentum smallcase universe.

Do check it out here

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That’s it from our side. Have a great weekend ahead!

If you have any feedback that you would like to share, simply reply to this email.

The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information outlined in this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated in this newsletter.

CAGR Insights – 13 Mar 2025

CAGR Insights is a weekly newsletter full of insights from around the world of the web.

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Chart Ki Baat

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Gyaan Ki Baat 

What narrative do you tell yourself about money?

Ravi grew up hearing, “Money doesn’t grow on trees.” His parents worked hard, saved every penny, and avoided risks. Now in his 30s, he earns well but hesitates to invest—fearful that one wrong move will wipe out his savings. His financial story? “Investing is risky. It’s safer to keep money in the bank.”

On the other hand, Priya was raised in a family where money was spent freely. Her parents believed, “You only live once, so enjoy your earnings.” Now, despite a six-figure salary, she struggles with savings, constantly feeling guilty for not being financially secure.

Sound familiar? Whether we realize it or not, the stories we inherit shape how we earn, spend, and invest. But the good news? These stories aren’t set in stone.

How to Change Your Financial Narrative

  • Step 1: Identify the Patterns

Ravi realized his fear of investing wasn’t based on facts but on his upbringing. Priya noticed that her guilt about spending came from never being taught financial balance.

  • Step 2: Challenge the Old Beliefs

Ravi started researching investments and understood that smart investing reduces risk. Priya created a budgeting plan that allowed for both savings and spending—without guilt.

  • Step 3: Rewrite the Story

Instead of “Investing is too risky,” Ravi reframed his belief to “Investing wisely grows my wealth.” Priya replaced “I’m bad with money” with “I can enjoy life while securing my future.”

  • Step 4: Get External Perspectives

Both sought advice—Ravi from a financial advisor, Priya from a money-savvy friend. Having an outside view helped them make confident, informed decisions.

The Social Comparison Trap: A Real-Life Lesson

Last year, Aakash scrolled through Instagram, seeing friends vacationing in Europe and buying new cars. Feeling behind, he took out a personal loan to book an international trip—only to return stressed about repayments.

Later, he met his college friend Sameer, who had skipped fancy vacations to invest in real estate. Now, Sameer had a second income stream, while Aakash was struggling with debt. That moment changed Aakash’s mindset.

He unfollowed accounts that triggered comparison, focused on his long-term goals, and celebrated small financial wins. Within a year, he had cleared his debt and started investing.

Your Story, Your Rules

Financial success isn’t about following someone else’s script—it’s about creating one that works for you. So, what’s the next chapter in your money story?

Personal Finance

  • Tax harvesting to rescue equity investors: How loss from equities could help you save more tax: Want to legally avoid paying capital gains tax on equities? Tax harvesting can help you save big! Learn how to offset losses, maximize exemptions, and carry forward gains for 8 years. Don’t miss out on this smart tax-saving strategy! Read here

  • Social media isn’t your financial advisor: The rise of ‘Finfluencers’ sharing stock tips on social media may seem exciting, but many lack SEBI registration, posing risks to investors. Here are 5 key points to consider and keep in mind when evaluating investment advice on social media. Read here

  • I am 57 years old and have property worth Rs 5.35 crore. Should I shift investment to MFs for easier access to funds? At 57, with significant real estate holdings but limited liquidity, is it time to shift to mutual funds for easier access to funds? With ₹5.35 crore in property and ₹1.99 crore in financial assets, what’s the smarter move? Read here

Investing

  • Bura na mano, volatility hai! This Holi don’t just dodge colours—learn from them! Markets, like Holi, surprise you when you least expect it. The first dip shocks but staying invested brings rewards. SIPs act like lasting gulal, compounding wealth over time. Don’t wait for perfection-play the game. Read here

  • Never Root for a Recession: Think a market crash is your golden ticket?Think again! Lower stock prices come with job losses, shrinking savings, and economic turmoil. Instead of hoping for a crash, get ahead—diversify, build connections, cut unnecessary spending, and seize hidden opportunities. To learn more Read here

  • India’s amateur retail investors risking it all amid mounting risks:  India’s stock market faces turbulence as FIIs exit, while retail investors, driven by SIPs, keep buying. But is their faith justified? With few alternatives for savings, policymakers must offer safer options—before small investors lose trust and confidence in the system. Read here

Economy & Sector

  • India’s best days are unfolding now: India’s 2025 Budget emphasizes infrastructure, industrial expansion, and clean energy, reinforcing its global economic ambitions. With a focus on steel, copper, and data centres, alongside nuclear energy plans, the Budget signals long-term growth while attracting investment and strengthening domestic industries. Read here

  • The Future of Decentralized Autonomous Organizations (DAOs) In the Indian Economy: DAOs are redefining business, finance, and governance in India by enabling transparency, financial inclusion, and decentralized decision-making. From crowdfunding to supply chains, they promise efficiency and innovation—but regulatory clarity and adoption challenges must be addressed for their full potential to unfold. Read here

  • Summer is early – and India’s economy is not ready for it: India’s rising temperatures are disrupting businesses and agriculture, forcing shifts in traditional models. From declining winter clothing sales to reduced wheat and mango yields, climate change threatens economic stability. Urgent action is needed to mitigate risks and safeguard livelihoods. Read here

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Check out CAGRwealth smallcase portfolios

Our smallcase portfolios are ranking well in the smallcase universe in terms of 1-year returns.


• CFF (launched in June 2022) – Ranked 1st amongst smallcase with medium volatility.

• CVM (launched in May 2022) – Ranked among Top 20 across the Momentum smallcase universe.

Do check it out here

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That’s it from our side. Have a great weekend ahead!

If you have any feedback that you would like to share, simply reply to this email.

The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information outlined in this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated in this newsletter.

CAGR Insights – 7 Mar 2025

CAGR Insights is a weekly newsletter full of insights from around the world of the web.

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Chart Ki Baat

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Gyaan Ki Baat 

From Saving to Investing – A Financial Evolution for Women

For generations, women in India have been celebrated as excellent savers, skilfully managing household budgets and planning for future needs. However, saving alone is no longer sufficient to secure financial independence in today’s world. The transition from saving to investing is not just a financial necessity but a step toward empowerment and wealth creation.

  • Why Investing Matters

The difference between saving and investing lies in their outcomes. While savings provide security, investments offer growth. With inflation eroding the value of money over time, merely saving in traditional forms like fixed deposits or cash cannot ensure long-term financial well-being. Investments, on the other hand, allow money to grow and compound, building wealth over time.

  • Breaking Stereotypes

Historically, women have been discouraged from investing due to outdated notions like “finance is too complex” or “investing is risky.” However, these myths are being shattered as women increasingly take charge of their financial futures. Recent data highlights this shift:

– Women’s share in mutual fund investments has grown significantly, with their Assets Under Management (AuM) rising from ₹98,000 crore in 2017 to ₹7.5 trillion by 2024—a 33% share of total individual investors’ AuM.

– Approximately 79 lakh women now hold mutual fund folios, marking a 25% increase in the women investor base over the past year.

– SIPs (Systematic Investment Plans) are particularly popular among women, with 26% of all live SIPs attributed to them in 2023.

  • Lessons from the Past

In the 1980s, women relied on creative strategies to save and invest within their means. Some hoarded spare change that grew into significant savings over decades, while others invested in real estate—then the most accessible form of wealth creation. These stories remind us that women have always been resourceful with finances; they simply lacked access to modern investment tools.

  • The Path Forward

Today’s women have more opportunities than ever to grow their wealth:

1. Start Small: SIPs allow investments with as little as ₹500 per month.

2. Diversify: Spread investments across equities, mutual funds, gold, and real estate for balanced growth.

3. Leverage Technology: Use digital platforms for easy access to financial products and real-time portfolio management.

4. Educate Yourself: Financial literacy is key to making informed decisions.

  • Conclusion

The growing participation of women in India’s investment landscape is a testament to their evolving financial independence and empowerment. By embracing investing alongside saving, women can ensure not just stability but also prosperity—for themselves and future generations. This Women’s Day let’s encourage every woman to take that first step toward becoming a smart investor!

Personal Finance

  • Income-tax bill 2025: When can tax officials check your email, social media, trading and bank accounts? As per the Income-tax Bill 2025, if tax officials have reasons to believe that you are deliberately hiding details of an undisclosed income then they may ask you provide access to your virtual digital spaces. If you fail to provide access or assist them in their investigation, then they may break into them to find out. Read here
  • Women’s share in mutual funds doubles in five years, now at 33% of total assets: Women now hold 33% of mutual fund AUM, doubling investments to ₹11.25 lakh crore in five years. SIP adoption, financial independence, and rising single women numbers drive growth, with more women in both urban and smaller towns actively managing their wealth. Read here

Investing

  • Scams, Damn Scams, and Investors: The financial world is full of clever scams—misleading charts, cherry-picked stock picks, and false promises of outperformance. Think you can spot them? Think again. Before you invest, ask yourself: are you being played? Read on to uncover the truth! Read here
  • Tired of buying the dip? 3 survival strategies for investors trapped in bear market: The buy-the-dip mantra, which fuelled retail investors after the Covid crash, is now under fire as stock market bulls struggle to regain footing after five months of relentless declines. With the Nifty PE slipping below 20 for the first time in 32 months and valuations normalizing, the big question is: what next? Read here
  • The wisdom of inattention: Sensex tumbles, experts panic, and investors ask—“Is this time different?” Spoiler: It’s not. Markets have survived crashes, scams, and crises. SIPs win because they cut out emotions. Read here

Economy & Sector

  • The retirement savings gap in India will rise to $96 trillion by 2050: India’s pension market, just 3% of GDP, has huge growth potential as NPS adoption rises. With tax benefits, AI-driven fund management, and innovative schemes like NPS Vatsalya, retirement savings are set to grow. As India’s aging population increases, a stronger pension system is crucial to bridging the retirement savings gap. Read here
  • Battle for growth: On India’s economic trajectory: India’s Q3FY25 GDP grew 6.2%, driven by the primary sector, but manufacturing and services lagged amid global trade risks. While consumption and government spending rose, concerns over data revisions and inflation persist. Can India sustain growth? Read here
  • U.S. eyes zero tariff on cars in India trade deal as Tesla entry nears: India is unlikely to relent to U.S. demands to reduce tariffs on auto imports to zero immediately, it has been priming the industry to prepare for a lower tariff regime and be open to competition. Read here

Check out CAGRwealth smallcase portfolios

Our smallcase portfolios are ranking well in the smallcase universe in terms of 1-year returns.


• CFF (launched in June 2022) – Ranked 1st amongst smallcase with medium volatility.

• CVM (launched in May 2022) – Ranked among Top 20 across the Momentum smallcase universe.

Do check it out here

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That’s it from our side. Have a great weekend ahead!

If you have any feedback that you would like to share, simply reply to this email.

The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information outlined in this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated in this newsletter.

How to Create a Chatbot in Python Step-by-Step

How To Create an Intelligent Chatbot in Python Using the spaCy NLP Library

python chatbot

If you’re going to work with the provided chat history sample, you can skip to the next section, where you’ll clean your chat export. The ChatterBot library comes with some corpora that you can use to train your chatbot. However, at the time of writing, there are some issues if you try to use these resources straight out of the box. In lines 9 to 12, you set up the first training round, where you pass a list of two strings to trainer.train().

Since this is a publicly available endpoint, we won’t need to go into details about JWTs and authentication. Next create an environment file by running touch .env in the terminal. We will define our app variables and secret variables within the .env file. GPT-J-6B is a generative language model which was trained with 6 Billion parameters and performs closely with OpenAI’s GPT-3 on some tasks.

Now, when we send a GET request to the /refresh_token endpoint with any token, the endpoint will fetch the data from the Redis database. Next, we add some tweaking to the input to make the interaction with the model more conversational by changing the format of the input. For up to 30k tokens, Huggingface provides access to the inference API for free. In the next section, we will focus on communicating with the AI model and handling the data transfer between client, server, worker, and the external API. We can store this JSON data in Redis so we don’t lose the chat history once the connection is lost, because our WebSocket does not store state. Next, to run our newly created Producer, update chat.py and the WebSocket /chat endpoint like below.

GPT-J-6B is a generative language model which was trained with 6 Billion parameters and performs closely with OpenAI’s GPT-3 on some tasks. I’ve carefully divided the project into sections to ensure that you can easily select the phase that is important to you in case you do not wish to code the full application. ChatterBot is a Python library designed to respond to user inputs with automated responses. It uses various machine learning (ML) algorithms to generate a variety of responses, allowing developers to build chatbots that can deliver appropriate responses in a variety of scenarios. Using the ChatterBot library and the right strategy, you can create chatbots for consumers that are natural and relevant.

We are defining the function that will pick a response by passing in the user’s message. For this function, we will need to import a library called random. Since we don’t our bot to repeat the same response each time, we will pick random response each time the user asks the same question. When it gets a response, the response is added to a response channel and the chat history is updated.

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You can use hybrid chatbots to reduce abandoned carts on your website. When users take too long to complete a purchase, the chatbot can pop up with an incentive. And if users abandon their carts, the chatbot can remind them whenever they revisit your store. Beyond that, the chatbot can work those strange hours, so you don’t need your reps to work around the clock.

Now, since we can only compute errors at the output, we have to propagate this error backward to learn the correct set of weights and biases. According to IBM, organizations spend over $1.3 trillion annually to address novel customer queries and chatbots can be of great help in cutting down the cost to as much as 30%. We will give you a full project code outlining every step and enabling you to start. This code can be modified to suit your unique requirements and used as the foundation for a chatbot. The right dependencies need to be established before we can create a chatbot.

Simplilearn’s Python Training will help you learn in-demand skills such as deep learning, reinforcement learning, NLP, computer vision, generative AI, explainable AI, and many more. To get started with chatbot development, you’ll need to set up your Python environment. Ensure you have Python installed, and then install the necessary libraries. A great next step for your chatbot to become better at handling inputs is to include more and better training data. ChatterBot is a Python library that makes it easy to generate automated

responses to a user’s input. ChatterBot uses a selection of machine learning

algorithms to produce different types of responses.

Which language is best for a chatbot?

You can also check Redis Insight to see your chat data stored with the token as a JSON key and the data as a value. In the src root, create a new folder named socket and add a file named connection.py. In this file, we will define the class https://chat.openai.com/ that controls the connections to our WebSockets, and all the helper methods to connect and disconnect. One of the best ways to learn how to develop full stack applications is to build projects that cover the end-to-end development process.

The final else block is to handle the case where the user’s statement’s similarity value does not reach the threshold value. The chatbot will use the OpenWeather API to tell the user what the current weather is in any city of the world, but you can implement your chatbot to handle a use case with another API. ChatterBot uses complete lines as messages when a chatbot replies to a user message. In the case of this chat export, it would therefore include all the message metadata. That means your friendly pot would be studying the dates, times, and usernames! The dataset has about 16 instances of intents, each having its own tag, context, patterns, and responses.

How to Build a Chatbot Using the Python ChatterBot Library

You can Get started with Redis Cloud for free here and follow This tutorial to set up a Redis database and Redis Insight, a GUI to interact with Redis. First we need to import chat from src.chat within our main.py file. Then we will include the router by literally calling an include_router method on the initialized FastAPI class and passing chat as the argument. When we send prompts to GPT, we need a way to store the prompts and easily retrieve the response. However, there is still more to making a chatbot fully functional and feel natural. This mostly lies in how you map the current dialogue state to what actions the chatbot is supposed to take — or in short, dialogue management.

At this point, you can already have fun conversations with your chatbot, even though they may be somewhat nonsensical. Depending on the amount and quality of your training data, your chatbot might already be more or less useful. Your chatbot has increased its range of responses based on the training data that you fed to it.

How to Make a Chatbot in Python: Step by Step – Simplilearn

How to Make a Chatbot in Python: Step by Step.

Posted: Wed, 10 Jul 2024 07:00:00 GMT [source]

It becomes easier for the users to make chatbots using the ChatterBot library with more accurate responses. Finally, in line 13, you call .get_response() on the ChatBot instance that you created earlier and pass it the user input that you collected in line 9 and assigned to query. Running these commands in your terminal application installs ChatterBot and its dependencies into a new Python virtual environment. If you’re comfortable with these concepts, then you’ll probably be comfortable writing the code for this tutorial. If you don’t have all of the prerequisite knowledge before starting this tutorial, that’s okay! You can always stop and review the resources linked here if you get stuck.

The bot will not answer any questions then, but another function is forward. Classes are code templates used for creating objects, and we’re going to use them to build our chatbot. Now that we’re armed with some background knowledge, it’s time to build our own chatbot. We’ll be using the ChatterBot library to create our Python chatbot, so  ensure you have access to a version of Python that works with your chosen version of ChatterBot. Use Flask to create a web interface for your chatbot, allowing users to interact with it through a browser.

Introduction to Strings in Python

For this, you could compare the user’s statement with more than one option and find which has the highest semantic similarity. If you’re not interested in houseplants, then Chat GPT pick your own chatbot idea with unique data to use for training. Repeat the process that you learned in this tutorial, but clean and use your own data for training.

python chatbot

To do so, you can use the “File Browser” feature while you are accessing your cloud desktop. If you’re interested in becoming a project instructor and creating Guided Projects to help millions of learners around the world, please apply today at teach.coursera.org. Any competent computer user with basic familiarity with python programming.

We will use WebSockets to ensure bi-directional communication between the client and server so that we can send responses to the user in real-time. To set up the project structure, create a folder namedfullstack-ai-chatbot. Then create two folders within the project called client and server. The server will hold the code for the backend, while the client will hold the code for the frontend. Its versatility, extensive libraries like NLTK and spaCy for natural language processing, and frameworks like ChatterBot make it an excellent choice. Python’s simplicity, readability, and strong community support contribute to its popularity in developing effective and interactive chatbot applications.

Maybe at the time this was a very science-fictiony concept, given that AI back then wasn’t advanced enough to become a surrogate human, but now?. I fear that people will give up on finding love (or even social interaction) among humans and seek it out in the digital realm. I won’t tell you what it means, but just search up the definition of the term waifu and just cringe. You can foun additiona information about ai customer service and artificial intelligence and NLP. Go to the address shown in the output, and you will get the app with the chatbot in the browser. A JSON file by the name ‘intents.json’, which will contain all the necessary text that is required to build our chatbot. According to a Uberall report, 80 % of customers have had a positive experience using a chatbot.

Websockets and Connection Manager

Here are some of the advantages of using chatbots I’ve discovered and how they’re changing the dynamics of customer interaction. This project showcases engaging interactions between two AI chatbots. Setting a low minimum value (for example, 0.1) will cause the chatbot to misinterpret the user by taking statements (like statement 3) as similar to statement 1, which is incorrect. Setting a minimum value that’s too high (like 0.9) will exclude some statements that are actually similar to statement 1, such as statement 2. Here the weather and statement variables contain spaCy tokens as a result of passing each corresponding string to the nlp() function.

python chatbot

This took a few minutes and required that I plug into a power source for my computer. Python plays a crucial role in this process with its easy syntax, abundance of libraries, and its ability to integrate with web applications and various APIs. With this comprehensive guide, I’ll take you on a journey to transform you from an AI enthusiast into a skilled creator of AI-powered conversational interfaces.

Because your chatbot is only dealing with text, select WITHOUT MEDIA. To start off, you’ll learn how to export data from a WhatsApp chat conversation. To train your chatbot to respond to industry-relevant questions, you’ll probably need to work with custom data, for example from existing support requests or chat logs from your company.

They have all harnessed this fun utility to drive business advantages, from, e.g., the digital commerce sector to healthcare institutions. This is one of the few guided projects where everything is explained clearly. Note that we are using the same hard-coded token to add to the cache and get from the cache, temporarily just to test this out. You can always tune the number of messages in the history you want to extract, but I think 4 messages is a pretty good number for a demo. Now when you try to connect to the /chat endpoint in Postman, you will get a 403 error.

Now, recall from your high school classes that a computer only understands numbers. Therefore, if we want to apply a neural network algorithm on the text, it is important that we convert it to numbers first. And one way to achieve this is using the Bag-of-words (BoW) model. It is one of the most common models used to represent text through numbers so that machine learning algorithms can be applied on it. You’ll need the ability to interpret natural language and some fundamental programming knowledge to learn how to create chatbots. But with the correct tools and commitment, chatbots can be taught and developed effectively.

Natural Language Processing, often abbreviated as NLP, is the cornerstone of any intelligent chatbot. NLP is a subfield of AI that focuses on the interaction between humans and computers using natural language. The ultimate objective of NLP is to read, decipher, understand, and make sense of human language in a valuable way. Because chatbots handle most of the repetitive and simple customer queries, your employees can focus on more productive tasks — thus improving their work experience. A successful chatbot can resolve simple questions and direct users to the right self-service tools, like knowledge base articles and video tutorials.

As technology continues to evolve, developers can expect exciting opportunities and new trends to emerge in this field. You have created a chatbot that is intelligent enough to respond to a user’s statement—even when the user phrases their statement in different ways. The chatbot uses the OpenWeather API to get the current weather in a city specified by the user. ChatterBot is a Python library designed to facilitate the creation of chatbots and conversational agents. It provides a simple and flexible framework for building chat-based applications using natural language processing (NLP) techniques. The library allows developers to create chatbots that can engage in conversations, understand user inputs, and generate appropriate responses.

You want to extract the name of the city from the user’s statement. In the next section, you’ll create a script to query the OpenWeather API for the current weather in a city. SpaCy’s language models are pre-trained NLP models that you can use to process statements to extract meaning. You’ll be working with the English language model, so you’ll download that. This tutorial assumes you are already familiar with Python—if you would like to improve your knowledge of Python, check out our How To Code in Python 3 series. This tutorial does not require foreknowledge of natural language processing.

ValueError when running chatBot program in new computer – SitePoint

ValueError when running chatBot program in new computer.

Posted: Fri, 26 Apr 2024 07:00:00 GMT [source]

Although the chatbots have come so far down the line, the journey started from a very basic performance. Let’s take a look at the evolution of chatbots over the last few decades. Python Chatbot Project Machine Learning-Explore chatbot implementation steps in detail to learn how to build a chatbot in python from scratch.

You have successfully created an intelligent chatbot capable of responding to dynamic user requests. You can try out more examples to discover the full capabilities of the bot. To do this, you can get other API endpoints from OpenWeather and other sources. Another way to extend the chatbot is to make it capable of responding to more user requests.

  • One of the best ways to learn how to develop full stack applications is to build projects that cover the end-to-end development process.
  • Recall that we are sending text data over WebSockets, but our chat data needs to hold more information than just the text.
  • With chatbots, NLP comes into play to enable bots to understand and respond to user queries in human language.
  • This is one of the few guided projects where everything is explained clearly.
  • Nobody likes to be alone always, but sometimes loneliness could be a better medicine to hunch the thirst for a peaceful environment.

This is important if we want to hold context in the conversation. We will not be building or deploying any language models on Hugginface. Instead, we’ll focus on using Huggingface’s accelerated inference API to connect to pre-trained models. We are adding the create_rejson_connection method to connect to Redis with the rejson Client. This gives us the methods to create and manipulate JSON data in Redis, which are not available with aioredis.

python chatbot

It’s rare that input data comes exactly in the form that you need it, so you’ll clean the chat export data to get it into a useful input format. This process will show you some tools you can use for data cleaning, which may help you prepare other input data to feed to your chatbot. Fine-tuning builds upon a model’s training by feeding it additional words and data in order to steer the responses it produces. Chat LMSys is known for its chatbot arena leaderboard, but it can also be used as a chatbot and AI playground. Nobody likes to be alone always, but sometimes loneliness could be a better medicine to hunch the thirst for a peaceful environment.

A simple chatbot in Python is a basic conversational program that responds to user inputs using predefined rules or patterns. It processes user messages, matches them with available responses, and generates relevant replies, often lacking the complexity of machine learning-based bots. In this python chatbot tutorial, we’ll use exciting NLP libraries and learn how to make a chatbot from scratch in Python. ChatterBot is a library in python which generates a response to user input.

You can imagine that training your chatbot with more input data, particularly more relevant data, will produce better results. All of this data would interfere with the output of your chatbot python chatbot and would certainly make it sound much less conversational. Once you’ve clicked on Export chat, you need to decide whether or not to include media, such as photos or audio messages.

Next, you’ll create a function to get the current weather in a city from the OpenWeather API. In this section, you will create a script that accepts a city name from the user, queries the OpenWeather API for the current weather in that city, and displays the response. Because the industry-specific chat data in the provided WhatsApp chat export focused on houseplants, Chatpot now has some opinions on houseplant care. It’ll readily share them with you if you ask about it—or really, when you ask about anything.