Crypto Twitter's new artificial intelligence chatbot creates trading bots, blogs, and songs.

News • 2022/12/06 • by Remitano

Key Takeaways

  • According to OpenAI, the chatbot is a voice interface tool that can, with some limitations, carry out almost any request and engage in conversation.

  • Crypto Twitter has employed AI technology for more creative and even profitable purposes in addition to more utilitarian ones.

ChatGPT creates trading bots, blogs, and songs.

The newly released Artificial Intelligence (AI) chatbot ChatGPT, developed by research firm OpenAI, is a hit with the cryptocurrency community. Users use it for various purposes, from trading to reading articles and music.

The chatbot is a speech interface tool that, according to OpenAI, can converse conversationally and be used to make nearly anything requested, subject to some restrictions.

A ChatGPT user shared their experience with the application on Twitter, demonstrating how the tool used Pine Script, a programming language used by the financial software TradingView, to develop a rudimentary trading bot from a straightforward prompt.

ChatGPT wrote code using the Binance cryptocurrency exchange's Application Programming Interface after receiving instructions from another user to build a trading terminal that could show the current orders for the Bitcoin and Tether trading pairs (API).

Other users noticed the AI could identify smart contract weaknesses and help fix or expand them, but it was reported that the code written by the chatbot could have been more accurate.

Crypto Twitter has used AI technology for not only practical but also more imaginative and even commercial goals.

According to the Twitter user "Goose Wayne," the bot can create your crypto investment thesis immediately after ChatGPT provides a five-part response to a person's question about what the blockchain business must do to affect society significantly.

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Kyle Samani, the co-founder of the investment firm Multicoin Capital, tweeted his findings after requesting ChatGPT to produce a blog post about how cryptocurrency payments will develop. ChatGPT answered with a lengthy piece.

The AI also produced another comprehensive opinion piece on how Monero improves Bitcoin's technology. The user who uploaded the

claimed that ChatGPT would throw many crypto bloggers out of business.

Web3 entrepreneur Jay Azhang published a song about losing money in cryptocurrency because several Twitter users used the program to produce music.

There are numerous other uses for ChatGPT that have been documented on Twitter, such as its

on how to pick a solid cryptocurrency project, how to
on Twitter for the non-fungible token (NFT) community, and even an email in which it functions as a crypto hedge fund, alerting users to its illiquidity due to FTX's meltdown.

Sam Altman, CEO of OpenAI, stated in a tweet on December 5 that the tool's operating costs are eye-watering and will eventually need to be commercialized. For the time being, the device remains free because it is a research release, but that may only last for a while.

Do you see this chatbot lasting for longer than this? Kindly share your thoughts with us in the comments section.

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