The “Binance Sensei,” a new AI-powered tool from Binance, employs machine learning to produce answers from its educational platform.
After its most recent release in late November 2022, the artificial intelligence (AI) chatbot ChatGPT swept the globe. Although there was a lot of opposition to the technology in the beginning, it is still being used more and more.
Binance, a blockchain developer and cryptocurrency exchange, recently revealed that ChatGPT will be incorporated into Binance Academy. The business unveiled its brand-new AI-driven tool, the “Binance Sensei,” in a blog post on April 24.
In order to assist users with questions on various topics in the Web3 arena, the bot employs machine learning to obtain answers from Binance’s educational portal, Binance Academy.
Users must ask this new “AI-powered mentor” a specific question or set of keywords from which it will provide a “concise, approximately 150-word summary” for each user.
The crypto exchange community on Twitter has already started to respond to the announcement of the AI-driven coach, with users asking whether it is OK to let a “robot be our teacher.”
The new AI-based learning tool from the crypto exchange is far from the first application of the technology in the cryptocurrency industry; in fact, AI has played a part in improving the efficiency of the memecoin community.
BigTech behemoths like Microsoft, Google, and Alibaba, the world’s largest online retailer, have all introduced their own versions of ChatGPT.
Although the race to AI has accelerated adoption, it has also raised worries about the technology’s potential dangers if unchecked. While regulators around the European Union have chosen to look into the AI-algorithms of BigTech companies, Italy was among the first to temporarily ban the use of the technology.
Insiders in the industry predict that as AI spreads, regulations will be tightened. Additionally, Chinese authorities plan to impose obligatory security audits for any AI services offered in the nation.
