Elliptic Integrates ChatGPT for Enhanced Crypto Asset Risk Management

Elliptic, the global leader in cryptoasset risk management, has integrated ChatGPT, a large language model, to augment its intelligence and research gathering capabilities. This integration is expected to enhance Elliptic’s ability to synthesize and organize data, providing unparalleled insights into crypto risk exposure.

Elliptic integrates ChatGPT into their off-chain intelligence and research gathering efforts

In an era where advanced technologies are reshaping the landscape of risk management, the growing importance of ChatGPT, a powerful language model, cannot be overstated. Elliptic, the global leader in cryptoasset risk management, has recognized this significance and recently announced the integration of ChatGPT into their off-chain intelligence and research gathering efforts.

As a pioneer in the blockchain analytics industry, Elliptic utilizes a proprietary dataset spanning over a decade to offer extensive coverage, including 97% of crypto transactions by trading volume and the largest collection of crypto exchange risk profiles worldwide.

Simone Maini, CEO of Elliptic, emphasized the company’s commitment to being at the forefront of blockchain innovation and integrating cutting-edge technologies to enhance their work without compromising their high standards.

By leveraging ChatGPT, Elliptic said that their researchers and investigators will be able to efficiently synthesize and organize intelligence on new risk factors at a larger scale and higher speed. This integration allows the team to focus on accuracy and scalability while the language model handles data organization.

Elliptic is renowned for providing intelligence that aids financial services, crypto businesses, governments, and law enforcement in making informed decisions quickly and safely.

The company has received recognition as a RegTech100 Heavy Hitter, a C.B. Insights Top 50 blockchain provider, and a WEF Technology Pioneer.

Notable investors in Elliptic include J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures. With its extensive experience in assessing risk across blockchains and assets, Elliptic employs over 100 billion data points with 99.97% accuracy to detect illicit crypto activity in real-time.

Jackson Hull, CTO at Elliptic, highlighted that integrating ChatGPT allows the company to scale up its intelligence capabilities, providing customers with unique insights into their risk exposure.

Elliptic is headquartered in London and has additional offices in New York, Singapore, and Tokyo.

Read Also: ChatGPT Founder Finalizing $100M Funding Round To Launch The Worldcoin

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• Source: https://alexablockchain.com/elliptic-integrates-chatgpt-enhanced-crypto-asset-risk-management/