VANCOUVER, WASHINGTON, 14 March 2024 – SnapChip, an innovative technology company, is excited to announce the initial release of its groundbreaking app poised to slash the time spent sourcing electronic components. Designed as the world’s first AI Copilot for sourcing, SnapChip harnesses advanced AI algorithms to significantly streamline the component sourcing process, making it faster, more efficient, and highly accurate.
SnapChip’s AI Copilot dramatically reduces the time companies spend searching for electronic components. Through its intuitive platform, SnapChip delivers unmatched speed improvements in component sourcing tasks: researching parts is now 50 times faster, finding the best quotes is 10 times faster, and identifying alternates is 100 times faster than traditional methods.
Everett Frank, CEO of SnapChip, said: “We’ve spent a year understanding AI and working with partners to see how it can help electronic component sourcing. The result is SnapChip, which can slash the time spent sourcing. This is a first step towards really transformative gains in the very near future.”
This innovation marks a significant milestone for companies involved in electronics manufacturing, offering teams a powerful tool to enhance productivity and reduce operational costs.
SnapChip is specifically trained for companies that manufacture electronics. Combining real time data from OctoPart with parametric data on +1 billion components from Silicon Expert, SnapChip uses industry leading GPT4 from OpenAI to deliver unprecedented access to information retrieval and analytics.
ENDS