Elliptic, a cryptocurrency analytics firm, is incorporating artificial intelligence into its toolkit for analyzing blockchain transactions and risk identification.
The company claims that by utilizing OpenAI’s ChatGPT chatbot, it will be able to organize data faster and in larger quantities. It does, however, have some usage restrictions and does not employ ChatGPT plug-ins.
“As an organization trusted by the world’s largest banks, regulators, financial institutions, governments, and law enforcers, it’s important to keep our intelligence and data secure,” an Elliptic spokesperson told Decrypt. “That’s why we don’t use ChatGPT to create or modify data, search for intelligence, or monitor transactions.”
Elliptic, founded in 2013, provides blockchain analytics research to institutions and law enforcement for tracking cybercriminals and regulatory compliance related to Bitcoin. Elliptic, for example, reported in May that some Chinese shops selling the ingredients used to produce fentanyl accepted cryptocurrencies such as Bitcoin. Senator Elizabeth Warren of the United States used the report to urge stronger regulations on cryptocurrencies once more.
Elliptic will employ ChatGPT to supplement its human-based data collecting and organization procedures, allowing it to double down on accuracy and scalability, according to the company. Simultaneously, large language models (LLM) organize the data.
This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents
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