Dubai-based cryptocurrency exchange Bybit has developed a language-based trading tool that uses artificial intelligence (AI) to generate trading insights and answer technical questions from market data.
TradeGPT is touted as an AI-powered educational tool that leverages ChatGPT’s large-scale language model and Bybit’s in-house ToolsGPT generation capabilities to provide real-time market analysis and answers to user questions in various languages It has been.
The announcement, shared with Cointelegraph, highlighted TradeGPT’s ability to offer products that are aligned with market strategies and strategies being discussed with users.
Related: Bybit’s MVP license in Dubai is ‘very limited’, says CEO
Bybit is not the only cryptocurrency exchange looking to use ChatGPT to provide its users with unique insights into token prices, market movements and projects.
Crypto.com launched its own ChatGPT-powered user assistant called Amy in May 2023. Binance has also integrated OpenAI’s chatbot into her Binance Academy platform to generate responses from her broader database of articles and information about the Web3 ecosystem.
OKX is another exchange exploring the possibilities of AI, integrating EndoTech’s AI tools to analyze market volatility and trading opportunities. Solana Labs also released a ChatGPT-powered plugin that enables large-scale language models to check wallet balances, transfer Solana native tokens, and trade non-fungible tokens (NFTs).
The launch of these AI tools comes from Bybit, which offers lending services to users with interest payments on cryptocurrencies deposited on exchanges. As Cointelegraph previously reported, Bybit is one of a number of exchanges offering this service.
AI has proven to be a catalyst for innovation in many areas. TinyTap, a subsidiary of Animoca Brands, is one example of a platform that uses AI to generate educational games and his NFTs based on user prompts.
Meanwhile, Nasdaq-listed Iris Energy announced that it has invested $10 million to purchase 248 of Nvidia’s H100 Tensor Core GPUs to explore opportunities for generative AI at its data center sites.
chip and hardware manufacturers We achieved unprecedented results in Q2 2023 on the back of an explosion of interest in AI-powered tools like ChatGPT.
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