The relationship between AI and crypto/blockchain technology is intricate. Although AI has potential in trading, smart contracts, and big data through ChatGPT, there are also risks that the crypto community must be aware of.
Binance cautions that deepfakes created by AI software can be used by malicious users to scam companies and investors by bypassing KYC verification systems. To address this, users must be educated about the limitations of AI in reproducing content, and Binance plans to publish blog posts to inform users about risk management methods. While AI can be used for legitimate purposes, caution is necessary in its development as it could cause significant harm in the crypto sector.
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