The Seychelles-based crypto exchange OKX unveiled AI integration to its systems to facilitate real-time monitoring of the crypto market volatility.
The Victoria-headquartered exchange projects leverage advanced artificial intelligence (AI) algorithms. The OKX executive acknowledged that it is becoming inevitable to overlook the buzz surrounding the integration of AI chatbot ChatGPT-4 within the crypto industry.
OKX to Use AI-powered Monitoring of Market Volatility
OKX executives acknowledged that ChatGPT is attracting contrasting opinions; it is inevitable for the crypto exchange to leverage its capabilities. As such, the Seychelles-registered crypto exchange is set to join companies integrating AI to reinforce their user experience.
OKX, in its Friday, March 31 update, revealed partnering with EndoTech.io to use AI algorithms to track the volatility in the crypto market.
The EndoTech.io algorithms feature designs that integrate machine learning and advanced techniques to deliver real-time data analyses as the basis for discovering trading opportunities.
The executive heading operations at EndoTech.io, Dmitry Gooshchin, considers that an advanced understanding of market volatility is critical to realize the desired success in crypto space trading.
Artificial Intelligence Popularity Within the Crypto Industry
OKX marked its way of integrating the AI through a March 30 post applauding ChatGPT using the AI-generated poem to showcase its wallet.
The AI-integrated platform comes days after OKX revealed it was entering Australia. The expansion came as a shocker for the Seychelles-based firm that had confirmed exiting the Canadian market in the preceding days, citing the regulatory shakeup.
OKX confirmed that artificial intelligence was gaining popularity within the crypto industry. Nevertheless, its integration within the crypto industry featured beyond monitoring the real-time volatility in the sector.
OKX Integrating AI to Track Blockchain-Related Transactions
OKX executives indicated that AI use within the crypto industry features an extended scope involving tracking blockchain-related transactions. The team indicated that AI applications extended to deploying economic agents perceived as autonomously executing trading.
The OKX executive lauded the expanded scope of human-competitive intelligence in assuming assistant-like obligations. The use cases extended to incorporate social media optimization and facilitating resolve the customer-service requirements.
The metaverse acknowledges the positive outlook expressed by OKX on the meaningful impact of AI as a catalyst for its speedy and safe executions. Nevertheless, a contingent of 2600 tech executives and researchers led by Tesla Inc. Chief executive Elon Musk and Apple Inc. co-founder Steve Wozniak appended their signatures petitioning pause to the development of advanced AI till reliable control is realized.
The open letter drafted and published by the US-based think tank – Future of Life Institute (FOLI) alleges that suspending the release of advanced AI is necessary since it poses advanced risks, including threatening civilization and the history of life on earth.
Editorial credit: Koshiro K / Shutterstock.com
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