OKX would debut an integration from EndoTech.io that uses artificial intelligence algorithms.
The algorithms attempt to analyze data and trade possibilities in real-time.
The artificial intelligence (AI) chatbot ChatGPT-4 has been in the news with its most recent upgrade, and not only in the cryptocurrency sector. While there is a range of viewpoints on AI, businesses are still using it to better serve their customers.
OKX, a cryptocurrency exchange, and Web3 technology firm stated on March 31 that it would debut an integration from EndoTech.io that uses artificial intelligence algorithms to capture volatility in the cryptocurrency market.
The algorithms attempt to analyze data and trade possibilities in real-time, and they do so with the use of machine learning and other sophisticated approaches. Understanding market volatility is “essential for successful trading in the crypto space,” says Dmitry Gooshchin, chief operating officer of EndoTech.io.
On March 30th, OKX tweeted a poem about the company’s wallet that was created by AI using ChatGPT-4. Just a few days ago, the firm revealed plans to expand to Australia while starting to wind down its prior activities in Canada; this new platform upgrade comes at the same time.
AI Development Curse or Boon?
Artificial intelligence is being put to use in the cryptocurrency sector for a wide range of tasks, not simply monitoring price fluctuations in real-time. Other applications include the monitoring of blockchain transactions and the implementation of autonomous economic agents for trade.
In modern life, it serves a variety of purposes, including those traditionally associated with personal assistants, such as social networking and customer service.
Moreover, 2,600 academics and executives in the financial industry have signed a statement urging a halt to further work and development of AI. Human competitive intelligence may offer severe hazards to society and mankind, which was the biggest worry stated by the group of industry experts.