Key points to remember
- Crypto.com launches new Amy User Assistant powered by ChatGPT for real-time industry updates.
- Other companies such as Binance, Solana Labs, and OKX have tested and used AI models to improve their UX.
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On May 2, Crypto.com announced the release of a personal crypto named Amy, an AI-powered companion intended to “serve as an expert crypto resource for the average user, rooted in deep learning and data to help seize opportunities in the fast.” – moving sector, according at the official release.
Powered by ChatGPT, Amy will contribute to general industry education and awareness, providing price lists, historical events and real-time information on market prices and project releases, as well as helping to push the use of AI innovation in industry. . However, Amy will not provide financial or investment advice and should not be considered an absolute crypto expert, as Amy is still a constant learner and will be in test mode for new expansions.
Despite the skepticism surrounding AI, Abhi Bisarya, EVP and Product of Crypto.com, said, “We are optimistic about AI innovation in crypto, and we look forward to continuing to improve Amy’s usefulness and deploying additional AI-powered abilities.”
Say hello to Amy, https://t.co/vCNztATSCOit’s new #AI powered user companion!
Get real-time insights on your favorite tokens and projects, including historical data and current prices.
Learn more: pic.twitter.com/8suDcx9Q9x
— Crypto.com (@cryptocom) May 2, 2023
The Crypto.com exchange was founded in 2016 and has over 80 million customers, including its token, CRO.
Industry and AI
Although Crypto.com is not the first to use AI to its advantage, many other industry players have embraced the use of AI to fuel industry education.
In October 2022, cancer researchers using AI partnered with blockchain technology on Ethereum to use smart contracts for an innovative advantage. Research by a team of 27 authors published in Nature Medicine declared that “artificial intelligence (AI) can predict the presence of molecular alterations directly from routine histopathology slides”.
The team used Ethereum smart contract technology to share updates with each other, allowing better synchronization of the AI model they had developed. Their research noted that updates to their smart-contract-based AI models were made without the need for a central coordinator.
7) This group uses the Ethereum blockchain to store huge amounts of biological information
They do this because it keeps the information on different remote (decentralized) servers
Thus, a hospital in New York can communicate with a hospital in Los Angeles via nodes
— AriGoldNFT.eth (gm, ☕️) | $369.eth (@arigoldnfts) October 26, 2022
Recently, Binance Sensei joined the Binance team to provide an education-based learning platform integrated with Binance Academy to better educate users about crypto in an easily readable and understandable way. Also powered by ChatGPT, “this user-friendly approach makes it easier than ever to dive into complex topics or quickly grasp new concepts, catering to a wide range of learning styles and preferences,” the announcement says.
Solana Labs, a blockchain platform for scalable DApps, has created and is testing a ChatGPT plugin that allows users to interact directly with Solana Labs. With this, users could “check wallet balances, transfer tokens, and purchase NFTs” directly with the plugin.
(1/2) Solana Labs has created an open source reference implementation for a ChatGPT plugin that allows users to interact with the @solana network directly from ChatGPT.
Users will be able to check wallet balances, transfer tokens and purchase NFTs once ChatGPT plugins become available. pic.twitter.com/08z1IX76zJ
— Solana Laboratories (@solanalabs) April 25, 2023
In March, the OKX exchange announcement an integration with EndoTech to use AI algorithms to track crypto volatility designed to “analyze large amounts of data and identify profitable trading opportunities in real time.”
Although there have been calls to suspend AI experiments, with Future of Life Institute examination in their petition, “Should we develop non-human minds that could eventually be more numerous, smarter, more obsolete and replace us?” Should We Risk Losing Control of Our Civilization,” leading crypto companies adopting AI will help bring experimental technology into an experimental financial industry well-prepared for the bearish, bullish, and regulatory future of AI.