ChatGPT, an AI chatbot that gained global attention in late November 2022, faced significant opposition. However, despite the initial resistance, the technology has been increasingly adopted and implemented. Binance Academy, the educational platform of Binance, a leading cryptocurrency exchange and blockchain developer, recently announced the integration of ChatGPT into its services, serving as the latest example of the growing use of the technology.
Binance introduced a new AI-based tool called the Binance Sensei on April 24. This tool leverages machine learning to retrieve answers from Binance Academy’s education platform and assist users in answering questions related to Web3. The tool acts as an AI mentor and responds to users’ specific questions or keywords by providing brief summaries of approximately 150 words.
While many in the Binance community have welcomed the news, some are skeptical of the notion of “relying on a robot as an instructor.” The use of AI in education has raised concerns about the technology’s potential for abuse.
Other major players in the cryptocurrency industry, including Microsoft, Google, and Alibaba, have already introduced their own versions of AI-based learning tools like ChatGPT before Binance Sensei. Additionally, ChatGPT technology has found a place in enhancing the efficiency of the meme-coin community.
The use of AI in different sectors has caused worries about its abilities if not monitored. Italy was among the first to impose a temporary ban on AI utilization, and authorities in the EU have opted to investigate the AI algorithms used by prominent tech companies.
According to experts, there is a possibility of increased regulations on AI as it becomes more widely adopted. China, for instance, plans to implement mandatory security reviews for all AI services in the country. In summary, the incorporation of ChatGPT AI chatbot into Binance Academy showcases the growing implementation of AI in diverse fields, including cryptocurrency. Despite the benefits, it is crucial to take into account the potential negative effects of the technology and enforce regulations to prevent misuse.
