OKX announced on March 31 that it will launch an integration that uses artificial intelligence algorithms to detect volatility in the cryptocurrency market.
OKX Unveils Novel Artificial Intelligence Integration
With the aid of machine learning and other complex techniques, the algorithms try to analyze data and trade opportunities in real time. According to Dmitry Gooshchin, chief operating officer of EndoTech.io, comprehending market volatility is “important for effective trading in the crypto market.”
On March 30, OKX tweeted a poem about their wallet that was generated by ChatGPT-4 using artificial intelligence. A new platform improvement coincides with the company’s recent announcement that it will expand to Australia and begin to wind down its previous operations in Canada.
The Use of Artificial Intelligence in the Crypto Market
In the cryptocurrency industry, artificial intelligence is used for a variety of activities in addition to real-time price monitoring. Monitoring blockchain transactions and implementing autonomous economic agents for trade are examples of other applications.
On the other hand, a statement calling for a halt to AI research and development has been signed by 2,600 academics and finance industry leaders. The major concern expressed by the gathering of industry professionals was that human competitive intelligence would pose serious risks to society and humanity.
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