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- SportsHero (SHO) launches its artificial intelligence esports predictor ahead of schedule
- The product uses deep learning technology to predict the outcome of esports competitions, proving to offer more than 66 per cent accuracy
- The company says its product is expected to generate new revenue opportunities, including licensing, subscription, and streaming income
- Meanwhile, SportsHero has teamed up with esports consultant Scott Russell to develop a market strategy to enable a successful launch into the Australian and global esports markets
- SportsHero was down 6.25 per cent, trading at 3 cents at 3:40 pm AEST
SportsHero (SHO) has launched its artificial intelligence esports Predictor ahead of schedule.
The company’s proprietary AI esports Predictor uses deep learning technology to predict the outcomes of esports competitions both ahead of a match and during live competitions.
To increase the predictor’s accuracy, its prediction algorithm was built on one of the largest datasets available for team-based game, ‘League of Legends’. The dataset autonomously analyses new matches and data generated from those matches to optimise the underlying algorithm. It should therefore gradually become more precise as data is added to its ecosystem.
The predictor is expected to generate new revenue opportunities, like licensing, subscription, and streaming revenue, along with royalties and affiliate gaming revenue.
To date, 189 matches have been predicted by system, with the product correctly pinning the outcome of 125 matches, marking over 66 per cent accuracy.
A website has also been launched that packages the predictor, underlying players and a teams’ library, as well as an integrated live betting odds feed.
“The Predictor has the potential to be a company-making platform by allowing SportsHero to enter new markets, generate revenue at scale and leverage our existing products, data and market position to our advantage,” commented CEO Tom Lapping.
Meanwhile, SportsHero has teamed up with esports consultant Scott Russell to develop a market strategy to enable a successful launch into the Australian and global esports markets.
Mr Russell has agreed to take majority of his consultancy fees in SportsHero shares, and will be issued 500,000 shares, subject to shareholder approval.
Despite the launch, SportsHero was down 6.25 pe cent, trading at 3 cents at 3:40 pm AEST.
