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<p><strong>Elliptic <a href="https://www.elliptic.co/media-center/elliptic-brings-chatgpt-to-crypto-to-power-deeper-faster-risk-detection?utm_campaign=Organic%20Social%20-%20General&amp;utm_content=251273804&amp;utm_medium=social&amp;utm_source=twitter&amp;hss_channel=tw-1344645140" target="_blank" rel="noopener">announced</a> that it will utilize ChatGPT in its crypto-asset risk management processes.</strong></p>
<h2 style="text-align: center;" id="crypto-risk-detection">Crypto Risk Detection</h2>
<p>Elliptic, a company specializing in cryptocurrency risk management, has integrated ChatGPT into its operations to improve the detection of crypto threats. This move aims to enhance efficiency and provide users with insights that are not available elsewhere.</p>
<h2 style="text-align: center;" id="elliptic-8217-s-risk-assessment-services">Elliptic&#8217;s Risk Assessment Services</h2>
<p>Elliptic offers risk assessments to cryptocurrency users by analyzing transactions, wallets, and exchanges. The company employs a team of human researchers who utilize a proprietary dataset spanning over a decade. This extensive data enables them to provide comprehensive risk evaluations.</p>
<h2 style="text-align: center;" id="integrating-chatgpt-for-enhanced-risk-detection">Integrating ChatGPT for Enhanced Risk Detection</h2>
<p>To enhance the accuracy and speed of identifying new risks, Elliptic has integrated ChatGPT into its off-chain intelligence and research operations. This integration enables Elliptic&#8217;s researchers and investigators to analyze risk factors in higher volumes and at a faster pace than before.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">We’re very pleased to announce the integration of ChatGPT into our off-chain intelligence and research gathering efforts.<br />
Read the full press release here<a href="https://t.co/YV5BYPCjW2">https://t.co/YV5BYPCjW2</a><a href="https://twitter.com/hashtag/knowexactly?src=hash&amp;ref_src=twsrc%5Etfw">#knowexactly</a> <a href="https://twitter.com/hashtag/ChatGPT?src=hash&amp;ref_src=twsrc%5Etfw">#ChatGPT</a> <a href="https://twitter.com/hashtag/blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#blockchain</a></p>
<p>— Elliptic (@elliptic) <a href="https://twitter.com/elliptic/status/1664561717739659264?ref_src=twsrc%5Etfw">June 2, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 style="text-align: center;" id="unique-risk-detection-with-chatgpt">Unique Risk Detection with ChatGPT</h2>
<p>Jackson Hull, the Chief Technology Officer of Elliptic, believes that the implementation of ChatGPT allows the company to scale up its intelligence and provide customers with a unique perspective on risk that they cannot obtain elsewhere. This <a href="https://walletinvestor.com/magazinadmin/ai-and-crypto-an-important-opportunity-for-collaboration/" target="_blank" rel="noopener">technology</a> has the potential to identify risks that human researchers might overlook.</p>
<h2 style="text-align: center;" id="mixed-results-in-crypto-industry">Mixed Results in Crypto Industry</h2>
<p>Several other crypto firms have also integrated ChatGPT into their operations, but the results have been mixed. Crypto.com launched a ChatGPT-based AI user assistant called Amy to provide real-time token prices and industry information. Bitget, a cryptocurrency derivatives exchange, encountered accuracy issues with ChatGPT when handling more complex queries.</p>
<h2 style="text-align: center;" id="elliptic-8217-s-leadership-in-risk-management">Elliptic&#8217;s Leadership in Risk Management</h2>
<p>As a global leader in crypto asset risk management, Elliptic has built a strong reputation by offering holistic risk assessments. Their solutions leverage a vast dataset that covers over 97% of crypto transactions by trading volume and includes the largest collection of crypto exchange risk profiles in the world.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">&#8220;Big news! <a href="https://twitter.com/elliptic?ref_src=twsrc%5Etfw">@elliptic</a> is taking its intelligence gathering to the next level with <a href="https://twitter.com/OpenAI?ref_src=twsrc%5Etfw">@OpenAI</a>&#8216;s ChatGPT. As a professional social media marketer, I can&#8217;t wait to see the incredible insights that will come from this partnership <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#Blockchain</a> <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw">#AI</a> <a href="https://twitter.com/hashtag/IntelligenceGathering?src=hash&amp;ref_src=twsrc%5Etfw">#IntelligenceGathering</a>. ❤️🔁&#8221; <a href="https://t.co/rmhILFCxFd">pic.twitter.com/rmhILFCxFd</a></p>
<p>— Cryptonic Daily (@CryptonicDaily) <a href="https://twitter.com/CryptonicDaily/status/1665423944797528066?ref_src=twsrc%5Etfw">June 4, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 style="text-align: center;" id="chatgpt-enhances-elliptic-8217-s-operations">ChatGPT Enhances Elliptic&#8217;s Operations</h2>
<p>With the integration of ChatGPT, Elliptic&#8217;s researchers and investigators can analyze new risk factors more efficiently and at a larger scale. This technology allows them to focus on accuracy and scalability while the language model organizes the data.</p>
<h2 style="text-align: center;" id="embracing-cutting-edge-technologies">Embracing Cutting-Edge Technologies</h2>
<p>Elliptic takes pride in being at the forefront of blockchain innovation. By incorporating advanced technologies like ChatGPT, the company enhances its work without compromising its high standards. The integration of ChatGPT enables Elliptic to provide customers with unparalleled risk insights.</p>
<h2 style="text-align: center;" id="conclusion">Conclusion</h2>
<p>Elliptic&#8217;s integration of ChatGPT strengthens its ability to detect crypto risks. By leveraging this language model, the company can scale up its intelligence and provide users with risk assessments that are not available elsewhere. While the implementation of ChatGPT in the crypto industry has yielded mixed results, Elliptic aims to maximize its accuracy and scalability to deliver exceptional risk management services.</p>

Elliptic Integrates ChatGPT to Enhance Crypto Risk Detection

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WalletInvestor

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