**Crypto Analytics Firm Elliptic Integrates AI Chatbot to Enhance Cyber Crime Tracking**
Elliptic, a leading crypto analytics and risk management firm based in the UK, has announced the integration of ChatGPT, a widely used AI chatbot, into its operations*[source](https://cryptonews.com/news/crypto-analytics-firm-elliptic-incorporates-ai-speed-up-tracking-risk-detection-heres-latest.htm)*. The objective behind this integration is to significantly enhance the efficiency of tracking cyber criminals.
With over a decade of experience in the blockchain intelligence space, Elliptic utilizes its proprietary dataset to offer coverage of more than 97% of crypto transactions, along with a vast collection of crypto exchange risk profiles. This integration of ChatGPT, an AI-based large language model (LLM), empowers researchers and investigators at Elliptic to synthesize and organize intelligence on new risk factors, leading to increased efficiency in their operations.
By leveraging the capabilities of ChatGPT, Elliptic’s team members can now focus their efforts on improving accuracy and scalability, while the chatbot efficiently organizes the data. This incorporation represents Elliptic’s commitment to innovation and their aim to continuously push boundaries in the field of blockchain intelligence, according to CEO Simone Maini. Furthermore, Chief Technology Officer Jackson Hull emphasizes that integrating ChatGPT enables Elliptic to scale up intelligence for customers, providing them with unparalleled insights into their risk exposure.
With this revolutionary step by Elliptic, the efficiency of tracking cyber criminals is set to be greatly enhanced, revolutionizing the field of crypto analytics and risk management.
*Note: This information is for educational purposes only and not intended as financial, legal, or tax advice. Please conduct your own research and consult professionals for specific advice.*
According to a recent press release, Elliptic, a crypto analytics and risk management firm based in the UK, has integrated the widely used artificial intelligence (AI) chatbot ChatGPT into its operations.
The objective is to enhance the efficiency of tracking cyber criminals.
As one of the pioneers in the blockchain intelligence space, Elliptic leverages its proprietary dataset spanning over a decade, and says it can offer coverage of more than 97% of crypto transactions, as well as a large collection of crypto exchange risk profiles.
According to the firm, the incorporation of ChatGPT, an AI-based so-called large language model (LLM), means its researchers and investigators can become vastly more efficient in synthesizing and organizing intelligence on new risk factors.
Additionally, the company said 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.”
Commenting on the new step for the company, CEO Simone Maini emphasized Elliptic’s commitment to innovation, stating that incorporating ChatGPT into their toolkit aligns with their DNA of pushing boundaries in the field.
Similarly, Elliptic’s chief technology officer Jackson Hull noted the significance of scaling up intelligence for customers, saying:
“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.”
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