OKX has unveiled a new integration that will utilize cutting-edge AI algorithms to enable customers to track market volatility in real-time.
The controversial artificial intelligence (AI) chatbot ChatGPT-4’s most recent upgrade has made the technology a hot topic both inside and beyond the cryptocurrency sector.
Although there are differing views on the technology, businesses keep incorporating AI to improve their customer experience. The Web3 technology business OKX, a cryptocurrency exchange, stated on March 31 that it will be introducing a new integration from EndoTech.io that will use AI algorithms to capture bitcoin market volatility.
In an effort to undertake real-time evaluations of data and trading opportunities, the algorithms combine machine learning with “other advanced methodologies”.
Understanding market volatility, in the words of Dmitry Gooshchin, COO of EndoTech.io, is “important for effective trading in the crypto arena.” On March 30, OKX joined the AI bandwagon by publishing an AI-generated poetry from ChatGPT-4 about the business’s wallet.
Only a few days have passed since the business revealed its plans to expand to Australia while starting to wind down its prior operations in Canada. In the cryptocurrency sector, AI is being applied in a variety of ways, including tracking blockchain transactions, deploying autonomous economic agents for trading, and more.
Nowadays, it’s employed in daily life for things like social media and customer service needs, as well as personal assistant-type chores. While some view the employment of AI technology in contexts like the metaverse more favorably than others, a letter recently published by 2,600 researchers and finance industry professionals called for a halt to AI development.
The main worry expressed by the group of industry experts was that, among other things, “human-competitive intelligence can pose profound risks to society and humanity,” among others.
