Elliptic Implements Chatgpt in Order to Enhance Detection of Crypto-related Risks

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Cryptocurrency risk management firm Elliptic has integrated ChatGPT, an AI chatbot, to strengthen its identification of crypto risks, potentially offering insight that users can’t get anywhere else. Elliptic provides users with risk assessments for transactions, wallets, and exchanges. The adoption of ChatGPT will allow researchers to analyse potential risks in higher volumes and at a quicker speed. Some cryptocurrency firms, including Crypto.com and bitcoin derivative exchange Bitget, have already introduced AI chatbots with varying degrees of success, with the latter identifying misleading, biased or incomplete information.

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