Features Crypto News by Thebittimes.Com

OpenAI, the leading company in artificial intelligence (AI) development, just launched its most advanced model, the o1, on September 12. Looking to test the AI’s capabilities and gather insights on the cryptocurrency market, Finbold asked o1 for a Bitcoin (BTC) price prediction for the end of 2024. In a bullish forecast, OpenAI’s o1 believes Bitcoin could “experience significant upward momentum,” pushing prices above its all-time high (ATH). The conservative BTC price prediction goes within the range of $80,000 to $100,000 by the end of 2024. However, the AI has a bearish case for Bitcoin, potentially holding it between $60,000 and $70,000. This would happen amid “adverse regulatory actions, macroeconomic downturns, or persistent negative sentiment,” o1 wrote, which could suppress BTC’s price. Picks for you ...

CertiK’s security chief thinks inexperienced programmers using AI tools such as ChatGPT to write smart contracts is a recipe for disaster. Artificial intelligence tools such as OpenAI’s ChatGPT will create more problems, bugs and attack vectors if used to write smart contracts and build cryptocurrency projects, says an executive from blockchain security firm CertiK. Kang Li, CertiK’s chief security officer, explained to Cointelegraph at Korean Blockchain Week on Sept. 5 that ChatGPT cannot pick up logical code bugs the same way that experienced developers can. Li suggested ChatGPT may create more bugs than identify them, which could be catastrophic for first-time or amateur coders looking to build their own projects. “ChatGPT will enable a bunch of people that have never had all this training to jump in, they can start right now and I start to worry about morphological design problems buried in there.” “You write something and ChatGPT helps you build it but because of all these des...