...By Henry George for TDPel Media.
ChatGPT, an AI chatbot, has gained much attention since its release in late November 2022, despite initial opposition to the technology.
Binance, a cryptocurrency exchange and blockchain developer, has announced that it is integrating ChatGPT into its education platform, Binance Academy.
Binance’s new AI-driven tool, called the “Binance Sensei,” uses machine learning to provide users with concise summaries of over 1,000 articles and courses available on Binance Academy.
Binance Sensei: An AI-Powered Mentor
The Binance Sensei is an AI-driven chatbot that users can prompt with specific questions or keywords.
The chatbot sources answers from Binance Academy to help users navigate various topics in the Web3 space.
The Sensei then provides concise, approximately 150-word summaries for each user.
Reaction to the Chatbot
Binance’s announcement of the AI-driven coach has received mixed reactions from the Twitter community.
Some users are questioning the idea of allowing a “robot to be our teacher.”
However, Binance’s new AI-based learning tool is not the first use case of AI technology in the crypto space, with AI even finding a role in bringing more efficiency to the memecoin community.
Concerns over AI
The rapid adoption of AI technology has also sparked an increase in concern over its capabilities if left unchecked.
Italy was early to put a brief ban on the usage of the technology, while regulators across the European Union have decided to probe the AI-algorithms of BigTech companies.
Industry insiders are speculating an upcoming regulatory crackdown on AI as it becomes more pervasive.
Authorities in China are also set to enforce mandatory security reviews for all AI services in the country.
Commentary
The integration of ChatGPT into Binance Academy is an example of the increasing use of AI technology in education and the financial industry.
The Binance Sensei has the potential to democratize access to information and education in the Web3 space.
However, concerns over the unchecked use of AI are valid, and the need for regulations that promote the responsible use of the technology is becoming more apparent.
It is important to remember that while AI technology can bring many benefits, it is not infallible, and humans must remain accountable for its actions.
