ChatGPT, a state-of-the-art AI chatbot developed by OpenAI, has recently received a major upgrade that could have significant implications for the crypto industry.
Highlights
- ChatGPT can access the internet to retrieve current information and provide source links, overcoming its previous data limitation.
- ChatGPT can answer your questions, make predictions, and provide suggestions on various crypto topics, such as news, trends, analysis, risks, and opportunities.
- ChatGPT can also help you make informed decisions by comparing different options, evaluating risks and opportunities, and suggesting optimal strategies.
- ChatGPT has been integrated by various crypto platforms and organizations to enhance their services, such as Elliptic, Solana, and Bitget. Meta Description: Learn how ChatGPT, a powerful AI chatbot by OpenAI, can help you master crypto and web3 in minutes. Find out how it can answer your questions, make predictions, and provide suggestions on various crypto topics.
According to OpenAI, ChatGPT can now access the internet to retrieve up-to-date information and provide source links, overcoming its previous limitation of data only up to September 2021.
ChatGPT can now browse the internet to provide you with current and authoritative information, complete with direct links to sources. It is no longer limited to data before September 2021. pic.twitter.com/pyj8a9HWkB
— OpenAI (@OpenAI) September 27, 2023
This means that ChatGPT can now offer more relevant and reliable insights into the fast-changing world of cryptocurrencies, as well as other topics.
ChatGPT is a powerful language model that can generate realistic and coherent text and images based on user input.
It can also engage in natural and conversational interactions with users, answering questions, making predictions, and providing suggestions.
ChatGPT has already been used as a tool for crypto price predictions, but its limited knowledge base has been a constraint until now.
However, with the ability to access current information from the web, ChatGPT can now offer more accurate and informed insights into the dynamic world of cryptocurrencies.
For instance, ChatGPT can now provide users with the latest news, trends, and analysis on various crypto projects, tokens, and platforms.
It can also help users make informed decisions by comparing different options, evaluating risks and opportunities, and suggesting optimal strategies.
ChatGPT’s contribution to the crypto industry extends beyond predictions.
In June, Elliptic, a leading firm specializing in managing crypto risks, announced its integration of ChatGPT into its intelligence and research operations.
This integration aims to enhance the efficiency and accuracy of Elliptic’s research efforts, enabling investigator teams to identify emerging risk factors and manage larger volumes of risks effectively.
Moreover, the Solana Foundation integrated ChatGPT into its network in May.
Consequently, the company introduced a new plugin that allows users to directly access features such as checking wallet balances, transferring tokens, and even purchasing non-fungible tokens (NFTs) with Solana through ChatGPT.
As reported, cryptocurrency exchange Bitget is also using AI in a number of ways to provide better services for users and stay ahead of the curve.
Back in July, Gracy Chen, the managing director of Bitget, revealed that the exchange is utilizing AI tools to streamline processes and enhance functions.
One area where AI has proved particularly beneficial for Bitget is in its translation team, Chen said.
By leveraging AI, the exchange is able to handle translations for its multi-language services more efficiently.
Additionally, the customer service department utilizes AI to provide faster responses to queries, including customized information and trading data.
Bitget is also working on an AI-powered chatbot, inspired by OpenAI’s ChatGPT, to assist users in their trading activities.
Web3 entrepreneur and marketeer, Stacy Muur, recently took to X (formerly Twitter) to inquire about ChatGPT’s vision of the future of web3.
In its response, the chatbot provided a timeline that envisions global acceptance of cryptocurrencies by 2024, widespread adoption of decentralized identity systems by 2025, and the replacement of traditional financial services by decentralized finance (DeFi) by 2026.
Furthermore, ChatGPT foresaw the rise of decentralized autonomous organizations (DAOs), blockchain integration in healthcare, and the establishment of an energy-efficient and environmentally conscious blockchain ecosystem by 2035.
“Services like Filecoin and Arweave become the backbone of internet storage, offering more secure, efficient, and decentralized alternatives to traditional cloud or server-based storage systems,” the chatbot predicted.
The enhancement of ChatGPT could herald a revolutionary phase for the crypto industry, as it could offer more value and convenience for users, as well as more innovation and collaboration for developers and entrepreneurs.
ChatGPT could also become a trusted source of information and guidance for anyone interested in learning more about crypto and web3.
However, it is important to note that ChatGPT is not infallible or unbiased. It is still an artificial intelligence system that relies on data and algorithms. Therefore, users should always exercise caution and critical thinking when using ChatGPT or any other AI tool.
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