The recently released Artificial Intelligence (AI) chatbot ChatGPT developed by research firm OpenAI seems to be a hit with the cryptocurrency community, with users using it for a variety of purposes such as a trading bot, a crypto blog, and even an original song.
The bot is a language interface tool that, according to OpenAI, can interact in a conversational way and be used to provide answers to queries or, with some restrictions, help create almost anything that is requested of it.
A user of ChatGPT shared their experience with the tool on Twitter, demonstrating how the tool used Pine Script, a programming language used by the financial software TradingView, to create a basic trading bot from a straightforward prompt.
During a prior test, it was discovered that ChatGPT could produce a sample smart contract. Other users discovered the AI could identify smart contract vulnerabilities and help patch or exploit them, but it was noted that the code generated by the bot wasn’t always accurate.
Crypto Twitter has used the AI tool for not only technical but also more imaginative and even commercial purposes.
When asked by a user what the blockchain industry should do “in order to positively affect society,” ChatGPT provided a five-part response. According to Twitter user “Goose Wayne,” the bot “can write your crypto investment thesis now.”
Kyle Samani, the co-founder of the investment firm Multicoin Capital, tweeted his findings after requesting ChatGPT to write a blog post about how cryptocurrency payments will develop in the future. ChatGPT responded with a lengthy article.
The user who posted the result stated that ChatGPT is going to put a lot of crypto bloggers out of business. Another lengthy opinion piece on how Monero improves on Bitcoin’s technology was written by the AI.
A “song about losing money in crypto” was posted by Web3 entrepreneur Jay Azhang, who has used the tool to create music on Twitter.
There are numerous other uses for ChatGPT that have been documented on Twitter, such as its advice on how to pick a solid cryptocurrency project, how to build a following on Twitter for the nonfungible token (NFT) community, and even an email in which it functions as a crypto hedge fund alerting users to its illiquidity due to the collapse of FTX.
Sam Altman, CEO of OpenAI, stated in a tweet on December 5 that the tool’s operating costs are “eye-watering” and that it will eventually need to be monetized. For the time being, the tool is free because it is “a research release,” but that may not last for long.
