Elliptic integrates AI for faster tracking and risk detection in crypto analytics.
A UK-based crypto analytics and risk management firm called Elliptic has announced that it has incorporated the popular artificial intelligence (AI) chatbot ChatGPT into its work. The aim is to speed up the tracking of cybercriminals, according to a recent press release from the company.
Elliptic is a pioneer in the blockchain intelligence space and has a proprietary dataset spanning over a decade. It claims it can offer coverage of more than 97% of crypto transactions, as well as a large collection of crypto exchange risk profiles.
The company says that by incorporating ChatGPT, an AI-based large language model (LLM), its researchers and investigators can become much more efficient in synthesizing and organizing intelligence on new risk factors.
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In addition, the firm says that by harnessing the capabilities of ChatGPT, its team members can focus their efforts on improving accuracy and scalability, while the chatbot takes care of organizing the data.
Simone Maini, the CEO of Elliptic, emphasized the company’s commitment to innovation, stating that incorporating ChatGPT into their toolkit aligns with their DNA of pushing boundaries in the field. Jackson Hull, Elliptic’s chief technology officer, noted the significance of scaling up intelligence for customers:
“Our customers come to us to know exactly their risk exposure. Integrating ChatGPT allows us to scale up our intelligence, giving our customers a view on risk they can’t get anywhere else.”