A few days ago OpenAI, the creators of the famous ChatGPT bot, announced the launch of new plugins, including an Internet bot that could theoretically be used to optimize cryptocurrency investments and more.
OpenAI's mission, after all, is to enable ChatGPT to interact with the real world in some way, and it's no coincidence that users have been asking for new plugins for months to open up a wide range of new possible uses.
For now, the new plugins are only available to a small group of users, but OpenAI plans to gradually make them available on a wide scale.
Among the additions are plugins such as FiscalNote, which gives access to real-time data sets about legal, political and regulatory information, or Klarna, which searches and compares prices in thousands of online stores. There's also Wolfram, which lets you do calculations in real time.
But perhaps the most interesting of all is Browsing, a plugin that allows you to read information from the Web.
This web browsing plugin allows ChatGPT to extract data from all over the Web to answer user queries, as it uses the Bing search API to extract content from the Web.
Better cryptocurrency investments thanks to new Internet bots
According to some, the integration of these new plugins could help cryptocurrency investors and traders, more broadly, in the entire cryptocurrency market.
In fact, ChatGPT could theoretically also provide investors and traders with real-time information on market trends and developments, thanks to the ability to access the latest information posted online.
In particular, it makes it very easy and fast to gather and cull the latest news and analysis, giving investors the ability to make more informed decisions and, therefore, potentially more profitable ones.
Moreover, some suggest that it could even help them catch incipient trends to identify opportunities before they become public. This could give investors a huge advantage because it would mean predicting trends in the market that won't be fully realized until later.
Obviously, this would mostly be the lot of those who know how to use these new tools well, i.e. the small percentage of people who work in the cryptocurrency market.
Therefore, this will be an added advantage for professional traders or those with great skills, while for others it may even be a problem.
Indeed, given that financial markets are generally structured to transfer money from the most incompetent to the most experienced, additional tools favoring the latter could cost them more capital from a large number of amateurs, who would then be at greater risk of loss.