Binance Academy, the education platform of cryptocurrency exchange and blockchain developer Binance, has integrated ChatGPT, an artificial intelligence (AI) chatbot, into its system.
This move comes after ChatGPT gained widespread attention in November 2022, which initially met with resistance but has since seen growing implementation.
On April 24, Binance launched its new AI-driven tool, the Binance Sensei, which uses machine learning to provide users with answers from Binance Academy’s education platform about Web3-related questions.
The Sensei is like an “AI-powered mentor,” where users input specific keywords or questions, and it provides them with a “concise, approximately 150-word summary.”
Although some have welcomed the news, others have raised concerns about the use of AI in education.
The implementation of AI-based learning tools in the cryptocurrency industry is not new, with Microsoft, Google, and Alibaba all announcing their versions of ChatGPT.
Technology is also becoming more efficient in the memecoin community.
However, according to Blockchain News, the adoption of AI in various industries has raised concerns about the potential misuse of the technology, leading to Italy’s brief ban on its usage and the European Union’s investigation into the AI algorithms of BigTech companies.
Experts predict that regulatory crackdowns on AI may be forthcoming, as it becomes more prevalent, with China planning to enforce mandatory security reviews for all AI services in the country.
In summary, the integration of ChatGPT into Binance Academy is part of the growing trend of AI’s use in various industries, including cryptocurrency.
While AI may have many benefits, it is vital to consider its potential consequences and regulate its use to prevent misuse.