Satoshi AI helping crypto traders is a new initiative, as this may require many codes to be fed to the machine.
- FalconX brings the power of OpenAI’s ChatGPT into crypto trading.
- FalconX users can gain answers to questions related to trading and investments.
FalconX, a crypto trading platform originating in San Francisco, is inculcating the power of OpenAI’s ChatGPT into crypto trading. The concept of bots is not new to the cryptocurrency market. But AI helping traders is a new initiative, as this may require many codes to be fed to the machine.
FalconX was working on these AI cryptobots prior to the public launch of GPT-4 but was not able to make any groundbreaking inventions. As they got to know about OpenAI’s process, they collaborated together.
The cryptobot takes the “Satoshi” name, the Bitcoin (BTC) founding father. With the use of Satoshi, FalconX users can gain answers to questions related to trading and investments. The AI bot will study the previous pattern and predict the future of crypto assets.
Crypto trading is broadly classified into two types, one is handled by large firms and the other by small-time traders. Corporate firms have access to high-tech equipment and a workforce to do the backend calculations. This leaves the small-time traders behind, and this is the place of operation for Satoshi AI bots.