Woo X, a well-known cryptocurrency exchange, has launched a novel AI-driven tool named “George AI” on its copy trading platform. This enables users to mimic the trading strategies of a machine learning model.
The introduction of this tool simplifies the process for traders to access AI-generated insights. It operates by emulating a potent crypto sentiment engine that scrutinizes market trends.
The AI is a result of Woo X’s collaboration with Kaito, a firm established by former Citadel experts. Kaito has devised an advanced machine learning system that scours social media platforms such as X and Discord to gauge crypto sentiment, thereby aiding traders in comprehending market fluctuations.
In contrast to traditional stock markets where sentiment analysis has been in use for an extended period, crypto platforms like those on Twitter are more disorderly, making precise signal analysis challenging. Nevertheless, Yu Hu, the CEO of Kaito, contends that their approach of using AI to decipher the sentiment of each tweet can bring order to this jumbled data and make AI more accessible to average traders.
As part of the new offering, Woo X will conduct weekly competitions in which human traders compete against George AI. The platform will permit users to wager on the likely winner of these head-to-head contests.
The promotion draws parallels with iconic human-versus-machine clashes, such as Garry Kasparov’s famed chess encounter with Deep Blue, and poses the question: “Are human traders being left behind?”
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