<\/p>\n
Artificial intelligence (AI) continues its pervasive entry into industries worldwide. The latest crypto industry adoptee is Crypto.com after it announced its new generative AI user assistant. <\/p>\n
Crypto.com announced \u201cAmy” on May 2. It is the new AI companion of the crypto exchange built to inform users with information on the industry, including real-time token prices and projects, historical events and more. According to the announcement, Amy, which uses ChatGPT as its base, is currently in the pilot phase to \u201cgather learnings\u201d before future expansion.<\/p>\n
Abhi Bisarya, the executive vice president of product at Crypto.com, says the company is \u201cbullish\u201d on the usage of AI in crypto. <\/p>\n
\u201cAs with other businesses and sectors, we see incredible potential and opportunity in the convergence of AI with the crypto industry and our platform specifically.\u201d<\/p><\/blockquote>\n
A Crypto.com spokesperson told Cointelegraph that although these are the \u201cearly days\u201d of generative AI, there is potential for \u201cmassive positive implications\u201d for many industries if done responsibly.<\/p>\n
\u201cThis is particularly the case for crypto when it comes to helping educate users about the underlying technology and financial services more broadly.”<\/p><\/blockquote>\n
As for drawbacks, the spokesperson said they expect a lot of feedback from this AI pilot, which will be \u201cintegrated into future upgrades.”<\/p>\n
Related: <\/u><\/em><\/strong>Coinbase exec uses ChatGPT \u2018jailbreak\u2019 to get odds on wild crypto scenarios<\/em><\/strong><\/p>\n
Crypto.com joins the ranks of other cryptocurrency exchanges and wallets in the space that have integrated AI features into their platform. The OKX exchange recently launched an AI algorithm to capture crypto market volatility.<\/p>\n
The Web3 infrastructure company Solana Labs announced its own ChatGPT-based plugin on April 26, which uses AI to fetch blockchain data to check wallet balances, transfer tokens and purchase NFTs.<\/p>\n
Binance also launched an AI chatbot. Like Crytpo.com, the Binance chatbot emphasizes\u00a0user education though the latter\u2019s chatbot is specifically a part of its Web3 academy.<\/p>\n
The cryptocurrency exchange and digital asset trading platform Bitget recently pledged $10 million towards the development of the Fetch.ai ecosystem, along with \u201cproviding consultations on marketing\u201d and other services to help Fetch expand its business network.\u00a0<\/p>\n
Magazine: <\/em><\/strong>How to control the AIs and incentivize the humans with crypto<\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Artificial intelligence (AI) continues its pervasive entry into industries worldwide. The latest crypto industry adoptee is Crypto.com after it announced its new generative AI user assistant. Crypto.com announced \u201cAmy” on May 2. It is the new AI companion of the crypto exchange built to inform users with information on the industry, including real-time token prices […]<\/p>\n","protected":false},"author":1,"featured_media":18380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-18379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"\n
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