Elon Musk’s X-based Grok AI could boost crypto research

@DeFiIgnas, a pseudonymous DeFi analyst, recently provided a detailed update on Elon Musk’s Grok AI, acknowledging its features to aid cryptocurrency research. AI-based tools have proven adept at finding new airdrops, explaining complex protocol features, and even creating witty social media “roasts” based on user posts.

Grok AI: Strengths and Drawbacks

The analyst shared the results of his experiment with Grok, showing both successes and shortcomings. Grok has successfully outlined key milestones of the Frax (FRAX) stablecoin roadmap, demonstrating its potential to provide comprehensive insight into specific projects.

Grok AI also showcased its creative side by producing a stand-up script to “roast” @DeFiIgnas’ social media content. This highlights Grok AI’s versatility in interpreting and analyzing different types of information within the cryptocurrency space.

According to previous reports Coinape’s Grok AI recently ventured into the price prediction space by analyzing the price of Bitcoin. Although the forecast lacked specificity, AI attributed the expected surge to increased adoption, Bitcoin ordinal, and institutional investment.

Despite its advantages, Grok AI is not without its limitations. @DeFiIgnas complained about the tool’s inability to identify popular tokens, citing issues with irrelevant information and inaccurate listings. The analyst also noted that Grok made mistakes in identifying potential cryptocurrency airdrops, including campaigns on centralized exchanges that were not compared to retroactive airdrops.

Additionally, Grok AI has listed Arbitrum (ARB) and Optimism (OP) airdrops as “potential” distributions. Even though both of them had already reached their conclusion. These inaccuracies highlight the challenges and imperfections of AI-based cryptography research tools.

Charles Hoskinson’s predictions about Grok

It is worth mentioning that Cardano founder Charles Hoskinson has been in the spotlight. Grok predicts a wave of criticism and debate about the potential challenges of AI. Hoskinson anticipated scrutiny of issues such as usability, threats to democracy, potential disinformation and even calls to ban innovative AI models.

Hoskinson’s prediction has sparked widespread discussion about the societal impact of AI, raising concerns about its potential for misuse and the need for regulation. As Elon Musk AI continues to advance, the cryptocurrency community remains vigilant considering its impact on information dissemination, democracy, and public discourse.

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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the practical applications of blockchain technology and innovations that drive general acceptance and global integration of emerging technologies. His desire to educate people about cryptocurrency inspires his contributions to popular blockchain-based media and sites. Benjamin Godfrey loves sports and farming. follow him Twitterlinkedin

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