Crypto Update | How Will AI Agents Impact Crypto Trading?
Dec 3, 2024
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Humayun Sheikh, Founder and CEO of Fetch.ai and chairman of the ASI Alliance, dives into the transformative role of AI in crypto trading. He discusses how AI agents are autonomously managing assets in decentralized finance, unlocking both opportunities and challenges. The conversation highlights the importance of user oversight to mitigate risks. Sheikh also introduces ASI Train, a new initiative for specialized AI models. Ethical considerations in AI development are emphasized, advocating for a collaboration between technology and human intuition.
AI is revolutionizing crypto trading by introducing decentralized finance concepts that empower traders with greater control over their assets.
The emergence of specialized foundational AI models alongside decentralized training initiatives is creating new opportunities and investments within the crypto community.
Deep dives
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The Intersection of AI and Crypto
AI is increasingly influencing the landscape of crypto trading, particularly through decentralized finance (DeFi) concepts and AI agents that allow for peer-to-peer trading. By deploying AI agents, traders can retain control of their assets without relying on central points of failure, which is a significant advancement over traditional liquidity contracts. As the technology matures, the potential for AI-driven models that execute trades on behalf of users could change the trading environment considerably, merging the realms of artificial intelligence and cryptocurrency. The forecast suggests a collaborative future where AI models could be leveraged for more effective decision-making in trading strategies.
Future Trends in AI and Research
The development of specialized foundational AI models within various verticals is poised to transform fields such as materials science and drug discovery. Initiatives like ASI Train aim to facilitate decentralized training of these models, enabling broader participation and investment from the crypto community. As researchers build and refine these models, they could unlock substantial value through ownership stakes in the intellectual properties created. This shift towards open-source models and decentralized funding structures presents new opportunities for crypto participants, enhancing the integration of innovative technologies in emerging markets.
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Fetch.ai founder and CEO Humayun Sheikh joins CoinDesk to discuss the developing role of artificial intelligence (AI) in crypto trading and the concerns surrounding the evolving technology.
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This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and edited by Victor Chen. All original music by Doc Blust and Colin Mealey.