Bybit unveils AI Marvel 'TradeGPT' for cryptocurrency traders
- Bybit introduces TradeGPT, an AI-based crypto trading assistant.
- Part of Bybit’s AI suite called “ToolsGPT,” TradeGPT offers real-time market analysis.
- Registered Bybit users can access TradeGPT for free, with a daily limit of 20 questions.
Cryptocurrency enthusiasts have a new reason to celebrate as Bybit, a prominent cryptocurrency exchange, unveils its latest artificial intelligence (AI) marvel known as “TradeGPT.”
This cutting-edge tool is a pivotal component of Bybit’s AI suite, aptly named “ToolsGPT. With the limited availability of data for OpenAI’s ChatGPT up until September 2021, Bybit has taken a leap forward by offering real-time market analysis and multilingual question-answering capabilities through TradeGPT, all free of charge for registered users.
For Bybit users, the benefits of TradeGPT come without any financial burden, but there is a daily quota of twenty questions per user. Upon entering the platform, users are cordially greeted with a welcoming message, inviting them to pose queries related to cryptocurrency markets or explore predefined topics.
Vivien Fang, Head of Financial Products at Bybit, emphasized the significance of ToolsGPT and TradeGPT in today’s dynamic financial landscape.
She referred to them as invaluable resources for financial education and support, essential in a world as highly financialized as today’s.
Beyond Bybit: AI Integration Across the Crypto Sphere
Bybit is not alone in embracing AI solutions; other exchanges are also making strides in this direction. Binance, a cryptocurrency exchange giant, has incorporated artificial intelligence into its Binance Academy, aptly named “Binance Sensei.”
Similarly, Crypto.com has unveiled “Amy,” a generative chatbot focusing on cryptocurrencies and blockchain.
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Diverse AI Applications
Chatbtc provides an expansive knowledge base on Bitcoin (BTC) and allows users to interact with influential figures in the crypto realm, such as Matt Corallo and Greg Maxwell. OKX, another exchange, has integrated AI tools from EndoTech to analyze market volatility and identify trading opportunities.
Solana Labs and TinyTap’s Innovative AI Ventures
Solana Labs has joined the AI wave by launching a plugin based on ChatGPT, enabling the advanced language model to manage wallet balances, perform native Solana token transfers, and facilitate the exchange of non-fungible tokens (NFTs).
Meanwhile, TinyTap, a subsidiary of Animoca Brands, employs AI to create customized educational games and NFTs based on user instructions.
Iris Energy’s Generous AI Investment
Notably, Nasdaq-listed Iris Energy has made a substantial $10 million investment to acquire 248 H100 Tensor Core GPUs from Nvidia. This strategic move aims to explore generative artificial intelligence opportunities within its data centres.
AI’s Impact on the Chip and Hardware Industry
The chip and hardware industry has reported remarkable results in the second quarter of 2023, largely attributed to the growing interest in AI-based tools like ChatGPT. This surge underscores the transformative potential of AI in various sectors.
ToolsGPT: Unveiling Bybit’s AI Marvel
In June 2023, Bybit introduced ToolsGPT, a groundbreaking solution that harnesses ChatGPT’s machine-learning technology in conjunction with the exchange of market data. This integration empowers ToolsGPT to offer traders an array of benefits, including technical analysis, price data, metrics, and tailored responses to their queries.
Comprehensive Insights for All Traders
ToolsGPT is engineered to cater to traders of all experience levels, making it accessible to everyone on the exchange.
Bybit’s CEO, Ben Zhou, has emphasized the integration of ChatGPT as a pivotal step towards providing traders with a comprehensive information repository. It enables them to make informed decisions backed by real-time data, historical analysis, and AI-generated recommendations.
In Zhou’s own words, “The integration of ChatGPT into Bybit Tools demonstrates our commitment to providing traders with advanced tools and insights.”
With TradeGPT and ToolsGPT, Bybit has ushered in a new era of AI-powered assistance for the cryptocurrency community, setting a promising precedent for the industry as a whole.
