Cryptocurrency risk management company Elliptic has integrated ChatGPT to increase efficiency in detecting cryptocurrency threats. The move comes as other cryptocurrency companies have reported mixed results with their implementations.
Elliptic provides cryptocurrency users with risk assessments for transactions, wallets and exchanges. These are being conducted by a team of human researchers using proprietary datasets containing “decades or more worth of data.”
According to a June 1 report, Elliptic has brought ChatGPT into its off-chain intelligence and investigative operations to improve the accuracy and speed of identifying new risks. statement.
It was noted that ChatGPT will allow researchers and investigators to address new risk factors “at greater volume and speed than ever before.”
Elliptic CTO Jackson Hull suggested that the implementation could detect risks that human researchers might not have been aware of.
“Our customers come to us to know exactly what their risks are. Integrating ChatGPT will allow us to expand our intelligence and provide our customers with a unique risk perspective. will be.”
Several cryptocurrency companies have recently implemented ChatGPT into their operations, with mixed results.
Crypto.com, a cryptocurrency exchange, launched Amy, a ChatGPT-based AI user assistant, on May 3 with the aim of informing users about the industry, including real-time token prices, projects, and historical events. Launched.
A Crypto.com spokesperson told Cointelegraph that AI could have a “great potential impact” on the cryptocurrency industry, but hoped to get a lot of early feedback. and they will be “integrated into future upgrades.”
However, we have already seen a “crack” in the accuracy of ChatGPT responses when it comes to crypto derivatives exchange Bitget.
Gracy Chen, managing director of Bitget, told Cointelegraph on June 1 that while Bitget was initially impressed with ChatGPT for handling routine customer inquiries, “more complex queries ‘ was given and reported that an error was found.
“As we were reminded in our recent internal testing, ChatGPT can provide misleading, biased, or incomplete information despite being trained on extensive data.” said Chen.
Related: OpenAI commits $1 million to support AI-driven cybersecurity initiatives
These developments come after Solana Labs announced on April 26 that Solana (SOL) users will soon be able to interact with the Solana network directly from ChatGPT.
Through open-source plugins created for ChatGPT, users will be able to check wallet balances, transfer tokens, and purchase NFTs.
Solana Labs has not yet announced when this feature will be generally available.
Cointelegraph reached out to Elliptic for comment but did not receive a response prior to publication.
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