Cryptocurrency exchange Bybit has integrated a ChatGPT-based tool into its trading platform to automate market data analysis. Traders will be able to explore this data using new artificial intelligence (AI)-based tools called ToolsGPT.
ChatGPT, an AI-powered chatbot released by startup OpenAI in November 2022, has garnered overwhelming interest with its capabilities, leading more and more companies to seek its use in their operations.
Bybit’s ToolsGPT is a chatbot that allows users to request technical analysis on cryptocurrency prices, long-term and short-term trend forecasts, and more, according to the exchange’s announcement.
In late May, the Solana blockchain integrated ChatGPT. The new AI-based plugin can be used by users for NFT discovery and purchase, token transfers, transaction verification, and other actions within the network.
In early June, blockchain analytics firm Elliptic implemented ChatGPT. The platform incorporated the neural network model into its information gathering and processing system, aiming to increase work volumes and speed of execution.
