In case you missed it, artificial intelligence has commanded the spotlight again off the back of ChatGPT’s latest GPT-4 update. The chatbot’s AI algorithms continue to impress and fascinate the world at large, demanding new questions about how machine learning will reinvent life as we know it.
Exciting new use cases for artificial intelligence are emerging left, right, and center. Almost every corner of modern business stands to benefit in some way from the creative application of AI services.
Even within the cryptocurrency market, AI coins like SingularityNET (AGIX) and Fetch.ai (FET) have gone from strength to strength. The intersection of blockchain technology and AI systems represents one of the most significant opportunities since the birth of the internet itself.
As these sophisticated tools become more powerful, one thing is clear. Finding reliable sources of information is essential to staying up-to-date on AI developments and staying ahead of AI cryptocurrency trends.
What new use cases are emerging in the AI world and how can AI help us navigate the crypto market? In an emerging and often misunderstood niche, who can we trust for informative and consistent updates?
How Artificial Intelligence Will Impact Our Lives
By this stage, everyone knows that AI services can generate fun and engaging social media posts for a new business. However, if you’re not a budding entrepreneur, this likely doesn’t apply to you.
For most of the population, AI applications will streamline mundane tasks like filing your taxes, data entry, or booking flights and hotels.
What are some ways that artificial intelligence and deep learning models will optimize human efficiency in the near future?
Provide Accurate, Unbiased Analysis
Even after decades of training and studying, human decision-making will always be influenced by personal bias, emotion, and experience. It’s a fundamental part of the human experience. However, in certain fields, like healthcare, this isn’t always a good thing.
Studies have shown that in many cases, the use of AI actually resulted in more accurate diagnostics than their human doctor counterparts. Even as far back as 2020, AI systems were proven to outperform radiologists searching for breast cancer indicators in mammographic screenings.
While robot doctors might sound like something straight out of a sci-fi epic, they might be a reality sooner than we expect. They likely won’t replace human doctors entirely, but AI might be to healthcare what calculators were to mathematics back in the late 1800s. A simple tool for boosting efficiency.
Automate Repetitive and Creative Tasks
Streamlining simple tasks is the first port of call and the most obvious application of AI systems. It begins with mundane tasks, like organizing administrative paperwork, automating content creation and managing your calendar with a virtual AI assistant.
But the deeper we delve into deep learning models, the more we uncover. For example, self-driving cars rely on AI algorithms to carry passengers safely from A to B. They also identify fraud patterns in banking operations and have proven to be effective tools for facial recognition at scale.
Ultimately, any repetitive task or job you can think of can be done by an AI service. What’s more, it’s almost guaranteed to be more productive and accurate, making it a popular choice for businesses looking to save on operational costs.
Smart-Everything – An Intelligent Internet-of-Things
It started with smartphones, then moved to smart TVs and smart-fridges. Whether you’re ready for them or not AI-powered Smart-homes are coming. An intelligent internet-of-things will all the appliances in your house to run off one AI system like a collective hive mind.
For example, your refrigerator will be able to keep track of its contents and send you a notification if you need to pick up particular groceries on your way home. Your coffee machine can connect to your phone alarm and start brewing your morning cup as soon as you wake up. Your thermostat will only heat rooms that you’re in, saving you money on your power bill.
At the heart of a smart-home is a responsive AI algorithm that responds to your way of life and adapts itself to make your life as frictionless as possible.
Of course, there are plenty of counter-arguments to the development of smart homes. The technology is still in its early days and there are plenty of security and safety risks.
Who could forget Will Smith being stuck in a house demolition malfunction in his 2004 film, IRobot?
How Artificial Intelligence Can Help You In the Crypto Market
It’s always interesting to discover the innovative use cases of new technology like artificial intelligence, what we really want to is how it can give us an edge in the cryptocurrency market.
Using AI in the crypto market doesn’t just mean buying AI coins or using AI-powered hedge funds like Numeraire (NMR). Artificial intelligence can help us to analyze crypto projects and market volatility more efficiently and make investment decisions backed by data, rather than emotion.
Research Crypto Projects and Study Top Traders
Let’s face it, learning about new crypto projects can be difficult. There are so many moving parts to analyze and explore. Between complex tokenomics, smart contract security, and trying to understand upcoming catalysts, there are a lot of balls to keep in the air.
AI analysis tools can help you track all kinds of different metrics and give you a clearer idea of specific crypto projects real-time. Some AI services use natural language processing to measure sentiment analysis and gauge whether the internet is bullish or bearish on a particular digital asset without having to manually trawl through social media hashtags.
Other AI tools track the activity of profitable wallets. They analyze their successful trading strategies and suggest potential rotations throughout the DeFi ecosystem. Because these tools track data pulled directly from blockchain networks themselves, it’s impossible to falsify data.
Simplify Blockchain Technology
Let’s face it, blockchain technology is complicated. If you’ve ever tried to explain what an NFT is to your grandmother, you’ll know that the Web 3 world still presents a significant barrier to entry for most people.
Artificial intelligence can help anyone break down complex crypto-related topics to nearly any audience. To put this theory to the test, I asked ChatGPT to explain Bitcoin (BTC) to me as though I was five years old.
This learning process can be applied to almost any topic in the industry. Still not sure about Ethereum (ETH) smart contracts? Discuss it at length with an AI system like ChatGPT and ask it to explain using different examples and analogies until you’re confident enough to chat about it with Vitalik himself.
AI Crypto Trading Bots
Cryptocurrency trading is a rollercoaster of fear and euphoria. The digital currency market is notorious for its volatility, which can throw rational decision-making out the window. Automated trading bots can use artificial intelligence to execute trades based on data, rather than FOMO-ing into green candles or capitulating on red ones.
Just because automated trading bots run on algorithms, rather than human emotion, doesn’t mean they’re guaranteed to be profitable. There’s always a risk of loss, so don’t fall for any scam that promises a 100% hit rate.
Stay Ahead of AI Trends – The AI Insider
Like any emerging technology, the artificial intelligence sector is rife with misinformation. Knowing the difference between fact and fiction in the world of AI can help you find exciting new opportunities and identify bad actors trying to coerce you.
With this in mind, it’s important to stick to trustworthy sources in any aspect of your AI research. Thinking critically about artificial intelligence means exploring its vast possibilities, but also recognizing its limitations.
The AI Insider is an excellent resource for anyone looking to further their understanding of artificial intelligence and the role it will play in our society. Their Telegram channel provides a constant stream of updates every day from every corner of the AI industry, including breaking news, innovative new applications, and creative insights.
Beyond their convenient telegram channel, The AI Insider has a popular TikTok channel that offers helpful tutorials on how to get the best results from top AI services like Midjourney and ChatGPT.
While The AI Insider helps break down the potential of artificial intelligence and keep subscribers up-to-date on developments within the industry, they don’t cover much crypto-specific content. The channel is more focused on educating and informing its audience, rather than highlighting ai crypto coins.
For anyone looking to dive a bit deeper into the world of artificial intelligence, The AI Insider is a great first step.
Join The AI Insider Telegram Channel
On The FlipSide
It’s worth remembering that artificial intelligence is a tool, not a replacement for human thought and critical thinking. The rise of AI in 2023 has made waves in the crypto market, but there’s no guarantee that it will continue to do so long term.
Why You Should Care
To best way to sort truth from fiction in a new niche is to educate yourself on its capabilities. Knowing the limitations of AI technology can keep you from being swept in a wave of crypto market euphoria, and help you make grounded, informed decisions.
You can buy AI crypto coins on cryptocurrency exchanges like Binance and Coinbase. However, please be aware that not all AI crypto coins will be listed and available to trade.
Yes, artificial intelligence can be used to research crypto projects and gauge sentiment analysis from the across the internet and social media. AI can also help crypto traders with their technical analysis, however it’s important to remember AI is a tool, not a crystal ball.
To find out more about some of the top AI crypto coins by market cap, please review our article on Artificial Intelligence Crypto Coins to Watch in 2023.