Bybit, a crypto exchange, has announced the integration of a ChatGPT-based artificial intelligence (AI) tool into its trading platform. The new feature, called ToolsGPT, is an AI chatbot that allows users to query for technical analysis, backtested price data, and other essential metrics, according to a press release from the firm. With ToolsGPT, Bybit traders can analyze future price trends based on past data and technical indicators.
ChatGPT, developed by startup OpenAI, is a chatbot that uses natural language processing and was released in November 2020. The chatbot saw a surge of interest from users upon release, leading to what some have called an AI arms race. Crypto companies, along with other tech firms, are trying to keep up with the AI trend by finding ways to implement artificial intelligence within their workflow.
By integrating ChatGPT into Bybit Tools, we are able to give users more comprehensive information when making their decisions, said Ben Zhou, CEO of Bybit.