Cryptocurrency exchange giant Crypto.com introduces Amy, an AI-powered chatbot set to be a trustworthy source for providing enthusiasts with real-time prices, projections, and more.
On May 2, 2023, Crypto.com announces its latest achievement and takes the crypto industry by surprise. Amidst all the negative feedback about artificial intelligence, the organization builds a ChatGPT-based assistant named Amy.
Key Highlights:
- Crypto.com announces a ChatGPT-inspired chatbot, Amy, that uses AI to help users collect information.
- Amy is in the beta phase right now and is being trained to increase its efficiency and accuracy.
- The AI-powered tool is the first of its kind, as it can produce real-time prices of cryptocurrencies.
- Crypto.com joins other exchange platforms in the use of AI to improve their services.
- Amy is available for selective users and is expected to be publicly available over the coming week.
Is Amy better than ChatGPT?
Amy is the world’s first AI-powered chatbot that can gather information from the internet, study market trends, and show real-time prices of tokens. That itself is a huge accomplishment considering that there have only recently been several instances of ChatGPT producing misinformation to users.
We cannot say for sure if Amy is better than ChatGPT because the artificial intelligence chatbot is based on ChatGPT itself. However, we expect that Amy will do a better job at finding cryptocurrency information. It is currently being trained in certain cases to improve Amy’s ability to deliver more accurate results that are closely relevant to the questions.
What does it mean for Cryptocurrency Investors?
The crypto exchange platform, Crypto.com, caters its services to over 80 million users, and Amy, the artificial intelligence-fueled chatbot, is responsible for helping crypto enthusiasts with information. Prices of tokens, historic events, future projections, and technical analysis are some of the skills that Amy is mastering.
Amy is currently in the pilot mode under Crypto.com and focusing on expanding its learning. The AI tool is going to assist users who are new to the crypto-verse. This is going to be a game changer because many enthusiasts are not familiar with complex crypto-related terms.
The AI-powered chatbot can deliver simple explanations of complex topics like blockchain technology and non-fungible tokens (NFT) with ease. Amy is built as a companion for the average user and makes the crypto industry more welcoming to new users. It is capable of going in-depth on your questions, finding relevant information, and catering results in a way that is understandable to amateur investors too.
AI is the Future of Crypto
Crypto.com is not the first cryptocurrency exchange platform to adopt artificial intelligence features; Binance recently announced that Binance Academy is going to integrate ChatGPT. The tool, Binance Sinsai, uses machine learning for understanding questions and extracting data from the platform’s resource pool.
OKX Exchange also uses AI in its platform to mark the volatility of cryptocurrency. Alongside, Solana Labs, the Web3 giant, launched its version of ChatGPT for collecting blockchain data. The platform is also able to check balances and help users with non-fungible token (NFT) transactions.
For Crypto.com, the VP of Products, Abhi Bisarya, finds potential in artificial intelligence innovation and believes that it will provide an opportunity for the crypto industry to increase its bandwidth.
