In the year 2022, crypto-theft crime incidents shot up to $3 billion. These episodes usually involve fake phishing emails conning victims into divulging confidential details. Hackers compromising accounts can get access to social media business profiles linked to the targeted person. Thus, it has become essential to be aware of the possible security threats while utilizing crypto tools such as ChatGPT, Google Bard, and MetaMask.
AI tools are gaining momentum due to their potential to turn mundane into extraordinary. For example, it can help learners by drafting accurate codes and information. On the other hand, criminals can also utilize this technology to write malicious software for their illegal activities. To guard these emerging technology and applications, world-renowned Tech experts such as Elon Musk initiated a plea for companies to put a halt in AI models training and development of governance protocols.
Coinbase CEO Brian Armstrong supports AI despite Musk’s plea and Crypto.com introduces AI assistant called ‘Amy’. This virtual assistant app provides up-to-date crypto-related information to its users. It also offers advice regarding the cheapest trading opportunities.
FalconX, on the other hand, is slated to launch an AI tool called ‘Satoshi’ to offer tailored strategies to traders. It utilizes social media data to evaluate portfolios and suggest beneficial moves. Although the tool requires resolving counterparty risks before its public launch, AI companies are confident about developing human-level intelligence in a few years.
In conclusion, the use of AI tools does have its advantages and drawbacks. It is imperative to gain knowledge about the layout of AI technology and security measures before investing to ensure protection from potential threats and cybercriminals.
Yana Long
- 2023-05-05
Understanding AI Tools and their Risks Associated with Cryptocurrency
This article examines the impact of Artificial Intelligence tools in the world of cryptocurrency. It explains the benefits of AI technology on cryptocurrency and the necessary safety measures to be taken to secure cryptocurrency from cybercriminals.
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