After OpenAI released the voice, image, and browsing capabilities for its artificial intelligence (AI) platform ChatGPT, the new additions have opened a world of possibilities for investors, traders, and anyone else involved or interested in the cryptocurrency sector.
Specifically, OpenAI rolled out the voice and image capabilities on September 25, followed by the ability of its chatbot to browse the internet on September 27. Although these are currently only available to Plus users, the company announced real-time browsing for other users “soon.”
In terms of the cryptocurrency market, the new ChatGPT options bring multiple advantages, with the most important three being better access to information, voice-activated retrieval, and image analysis of chart data.
1) No more knowledge cutoff
The annoying “As for my knowledge cutoff in September 2021…” is now a thing of the past, at least for the Plus users for the time being, as ChatGPT can now provide summaries and insights from recent articles and research papers, helping users stay informed about the latest developments in the highly dynamic sector.
On top of that, access to real-time and relevant data allows individuals to more precisely assess market conditions and trends, stay on top of changing regulations and crypto guidance, identify better opportunities, manage risks, and even predict prices in order to make more informed decisions.
2) Voice-activated data retrieval
Furthermore, ChatGPT’s voice feature allows users to ask questions about various crypto information, including transactions and account balances, and receive precise and immediate responses. This feature could be especially valuable for on-the-go crypto investors who want to stay informed about their target market without needing to read or type.
Moreover, it allows the creation of voice-guided tutorials or FAQs using ChatGPT’s voice capabilities, which can help users understand complex crypto concepts, set up wallets, or navigate crypto exchanges, making it easier for newcomers to get started in the crypto world.
3) Image analysis for market data
Finally, users can deploy image recognition for analyzing crypto graphs and identifying particular chart patterns. This can assist crypto traders and investors in quickly interpreting market data, identifying trends, and making informed decisions.
For instance, visual analysis can identify key support and resistance levels for particular cryptos, analyze advanced charting tools that use technical analysis (TA) indicators, as well as recognize patterns in price movements or trading volumes that may not be immediately apparent to human traders.
Indeed, the launch of ChatGPT has opened a window into the world of countless new opportunities, and its creators seem to be far from over in building upon it, bringing new ways to interact with digital assets and other participants in the crypto market.
