TL;DR:
- Elliptic, a leading cryptoasset risk management company, has integrated ChatGPT, a large language model, into its intelligence and research efforts.
- This integration enhances Elliptic’s ability to quickly and comprehensively identify new risk factors in the crypto space.
- Elliptic’s proprietary dataset, spanning over a decade’s worth of data, powers their solutions, covering 97% of crypto transactions by trading volume.
- ChatGPT organizes and synthesizes intelligence, allowing Elliptic’s researchers to focus on accuracy and scalability.
- The integration showcases Elliptic’s commitment to blockchain innovation and maintaining high standards.
- Customers benefit from a unique risk exposure perspective provided by the integration of ChatGPT.
Main AI News:
In a groundbreaking move, Elliptic, the global leader in cryptoasset risk management, has announced the integration of ChatGPT, a powerful language model, into their off-chain intelligence and research gathering endeavors. This strategic integration marks a significant leap forward for Elliptic, empowering them to achieve deeper and faster risk detection capabilities.
At the core of Elliptic’s industry-leading solutions lies their proprietary dataset, encompassing over a decade’s worth of valuable information. This extensive dataset covers an astounding 97% of crypto transactions by trading volume and boasts the world’s largest collection of crypto exchange risk profiles. By seamlessly incorporating ChatGPT into their arsenal of tools, Elliptic’s researchers and investigators can now focus on accuracy and scalability, while the language model efficiently organizes the vast amounts of data at hand.
This groundbreaking integration epitomizes Elliptic’s unwavering commitment to remaining at the forefront of blockchain innovation. Simone Maini, the CEO of Elliptic, emphasizes their dedication to adopting cutting-edge technologies without compromising their steadfast adherence to high standards. With the integration of ChatGPT, Elliptic’s customers gain access to an unparalleled perspective on risk exposure, further solidifying the company’s position as a leader in the field.
Elliptic’s exceptional track record has earned them prestigious accolades, including being recognized as a RegTech100 Heavy Hitter, a C.B. Insights Top 50 blockchain provider, and a WEF Technology Pioneer. Such recognition is well-deserved, given their partnerships with influential investors such as J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures. Leveraging over 100 billion data points with an astonishing accuracy rate of 99.97%, Elliptic is able to uncover illicit crypto activity in real-time, fortifying the security and integrity of the cryptocurrency ecosystem.
With headquarters in London and additional offices in New York, Singapore, and Tokyo, Elliptic stands as a pioneer in blockchain analytics. Their invaluable intelligence empowers financial services, crypto businesses, governments, and law enforcers to make swift and well-informed decisions with confidence. To delve deeper into Elliptic’s innovative solutions and stay updated on their latest endeavors, visit their website and follow them on LinkedIn and Twitter.
Conclusion:
Elliptic’s integration of ChatGPT into their risk management ecosystem marks a significant advancement in the crypto market. This integration empowers Elliptic to swiftly detect and assess risk factors, allowing financial services, crypto businesses, governments, and law enforcers to make faster and more informed decisions. By leveraging the power of cutting-edge technology while upholding its high standards, Elliptic solidifies its position as a leader in blockchain analytics and reinforces trust and security within the cryptocurrency industry.
