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Bybit debuts AI-powered 'TradeGPT' for market analysis and data driven Q&A

Cryptocurrency exchange Bybit has introduced an AI-powered trading assistant called TradeGPT that provides real-time market analysis and answers user questions in multiple languages, leveraging the generative abilities of ChatGPT's language model and Bybit's ToolsGPT. Other exchanges like Crypto.com and Binance have also integrated AI-powered tools for market insights, and the use of AI in various sectors continues to drive innovation.

cointelegraph.com
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This article discusses the recent advancements in AI language models, particularly OpenAI's ChatGPT. It explores the concept of hallucination in AI and the ability of these models to make predictions. The article also introduces the new plugin architecture for ChatGPT, which allows it to access live data from the web and interact with specific websites. The integration of plugins, such as Wolfram|Alpha, enhances the capabilities of ChatGPT and improves its ability to provide accurate answers. The article highlights the potential opportunities and risks associated with these advancements in AI.
- The AI Agenda is a new newsletter from The Information that focuses on the fast-paced world of artificial intelligence. - The newsletter aims to provide daily insights on how AI is transforming various industries and the challenges it poses for regulators and content publishers. - It will feature analysis from top researchers, founders, and executives, as well as provide scoops on deals and funding of key AI startups. - The newsletter will cover advancements in AI technology such as ChatGPT and AI-generated video, and explore their impact on society. - The goal is to provide readers with a clear understanding of the latest developments in AI and what to expect in the future.
The main topic of the article is the development of AI language models, specifically ChatGPT, and the introduction of plugins that expand its capabilities. The key points are: 1. ChatGPT, an AI language model, has the ability to simulate ongoing conversations and make accurate predictions based on context. 2. The author discusses the concept of intelligence and how it relates to the ability to make predictions, as proposed by Jeff Hawkins. 3. The article highlights the limitations of AI language models, such as ChatGPT, in answering precise and specific questions. 4. OpenAI has introduced a plugin architecture for ChatGPT, allowing it to access live data from the web and interact with specific websites, expanding its capabilities. 5. The integration of plugins, such as Wolfram|Alpha, enhances ChatGPT's ability to provide accurate and detailed information, bridging the gap between statistical and symbolic approaches to AI. Overall, the article explores the potential and challenges of AI language models like ChatGPT and the role of plugins in expanding their capabilities.
A botnet powered by OpenAI's ChatGPT, called Fox8, was discovered on Twitter and used to generate convincing messages promoting cryptocurrency sites, highlighting the potential for AI-driven misinformation campaigns.
ChatGPT, the AI-powered language model, offers web developers innovative ideas and solutions for navigating the complexities of the crypto landscape, including designing cryptocurrency price trackers, crafting secure payment gateways, creating portfolio trackers, developing crypto analytics dashboards, and implementing user-friendly blockchain explorer interfaces.
Artificial intelligence (AI) has made significant strides in the financial markets, but its capabilities are not yet advanced enough to completely replace human involvement in investment and trading decisions. AI can analyze data and spot patterns, but it lacks the ability to anticipate unforeseen events and understand human emotions, making it necessary for humans to provide context and make decisions based on a broader picture.
Using AI in cryptocurrency trading can provide competitive advantages by assisting traders in areas such as Bitcoin trading, trend analysis, price prediction, trade execution, and strategy optimization, ultimately helping investors increase their profits.
Using AI tools like ChatGPT to write smart contracts and build cryptocurrency projects can lead to more problems, bugs, and attack vectors, according to CertiK's security chief, Kang Li, who believes that inexperienced programmers may create catastrophic design flaws and vulnerabilities. Additionally, AI tools are becoming more successful at social engineering attacks, making it harder to distinguish between AI-generated and human-generated messages.
An AI program challenges a human in a crypto investment game to determine whether artificial intelligence can outperform human traders and identify their strengths and weaknesses.
Generative AI tools like ChatGPT are rapidly being adopted in the financial services industry, with major investment banks like JP Morgan and Morgan Stanley developing AI models and chatbots to assist financial advisers and provide personalized investment advice, although challenges such as data limitations and ethical concerns need to be addressed.
Salesforce has introduced a conversational AI assistant, Einstein Copilot, that allows users to ask questions and retrieve information about specific business tasks, aiming to automate and assist work for white-collar companies.
The use of AI in algorithmic trading is increasing, with models like ChatGPT being utilized for interpreting market trends and indicators, supporting traders with risk factors and investment opportunities in the cryptocurrency market. There is growing demand for AI and machine learning tools among retail traders, who believe they can enhance trading by detecting patterns and predicting price movements. However, while AI offers benefits, human traders remain crucial in the decision-making process and need to work in collaboration with AI tools to achieve the best outcomes.
OpenAI's ChatGPT, a language processing AI model, continues to make strides in natural language understanding and conversation, showcasing its potential in a wide range of applications.