- He will become a virtual assistant in transactions
- And will be able to check counterparties
Falconx Company trains neural network “Satoshi”, which will facilitate many daily tasks for crypto traders. It is based on the chat bot ChatGPT.
FalconX is a leading broker based in San Francisco. Through its development, the company plans to transform the cryptocurrency industry. They want to put chatbot technology in a “second pilot seat” for investors.
Like ChatGPT, Satoshi will be able to collect information about a particular asset on social networks, as well as answer questions about portfolio performance. the neural network will be able to estimate the costs of certain transactions, for example, short positions. Or pick up the cheapest ways to accumulate the desired cryptocurrency. Also, the chatbot will be able to generate investment ideas for users based on their previous trading history, portfolios, and hobbies.
At the same time, the AI will analyze the risks of the counterparty and report if it provides incorrect information. This ensures that traders do not risk large sums of money in pursuit of phantom profits.
So far, FalconX has released a chatbot prototype for early testing. He collected personalized news bulletins at the request of users.
According to FalconX CEO Raghu Yarlagadda, the technology is still in its early stages but is rapidly evolving.
Recall that ChatGPT was recently introduced to robo-dogs.