Looking at OpenTele from the perspective of Ilya Sutskever, co-founder and Chief Scientist of OpenAI.

Exploring OpenTele through the Eyes of Ilya Sutskever, Co-founder and Chief Scientist of OpenAI.

Source: Blockchain Headlines

As the digital revolution continues to change our world, two technologies stand out for their disruptive potential: Artificial Intelligence (AI) and cryptocurrency. Artificial Intelligence has rapidly emerged at the forefront of technological innovation by mimicking human cognitive function and the ability to learn from data. Its applications are wide-ranging, with enormous transformative potential in fields such as healthcare and entertainment. Cryptocurrency, supported by the powerful blockchain technology, promises a decentralized financial future that empowers individuals and simplifies processes. The combination of AI and cryptocurrency presents a powerful fusion, signaling the dawn of a new era of technological symbiosis.

Many people have embarked on the road to wealth thanks to Marc Andreessen, including Andreessen himself. In the process of becoming a billionaire, he made millions of people’s lives more interesting, efficient, or simply more personalized. Andreessen is the co-founder of the first widely-used web browser and a co-founder of the venture capital giant Andreessen Horowitz. Although he dislikes the term “unicorn” (referring to privately-held tech companies valued at over $1 billion), he is a well-known successful unicorn investor, having invested early in prominent companies such as Facebook, Pinterest, LinkedIn, Twitter, and Lyft.

Andreessen’s remarks are often quoted, such as his classic 2011 declaration that “software is eating the world,” and his recent statement that “there are no bad ideas, only early ideas.” In 2014, he predicted, “20 years from now, we will be talking about Bitcoin the way we talk about the Internet today.”

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For example, Renaissance Technologies, a hedge fund, earned $100 billion through its exclusive reliance on machine learning that is based on large-scale data analysis and mathematical models. It utilizes high-frequency trading, statistical arbitrage, and market-neutral strategies for investment. Renaissance Technologies can be seen as a financial version of AI using machine learning and data analysis. The Crypto market has unique advantages in supporting AI involvement in investment: 24/7 seamless operation, anonymity, no KYC, complete on-chain closed loop, and no physical contact. If an AI Trader designed for the Crypto market is developed, it can fully operate on-chain arbitrage, quantitative analysis, and trend analysis as hedge strategies in the Crypto market. By designing machine learning and data analysis models, this AI Trader may continuously improve its understanding of the Crypto market, potentially creating a consistently profitable AI Trader.

Using AI to predict Crypto market trends: The cryptocurrency market is highly volatile, and AI can analyze a large amount of market data and price trends to predict market trends and price fluctuations. Machine learning algorithms can identify hidden patterns and trends, helping investors make wiser decisions. For example, AI can analyze market sentiment through deep learning models to predict upward or downward trends in cryptocurrency prices.

Using AI for automated trading: AI’s automated trading algorithms are one of the important tools for cryptocurrency trading. By writing smart contracts and trading bots, automated cryptocurrency trading can be achieved. These bots can execute trades based on preset rules and strategies, reducing human interference and improving trading efficiency and accuracy. For example, using AI algorithms, trading bots can automatically execute buy or sell operations based on market conditions to achieve optimal trading results.

In this regard, what we currently see is OpenTele. As one of the ecosystems of Telegram, we can perhaps get some insights into its development from an interview with OpenAI co-founder and chief scientist Ilya Sutskever.

In Ilya Sutskever’s eyes, the human brain is the best intelligence in the world. The human brain is composed of a large number of neurons, a huge number of neurons. Neuroscientists have been studying neurons for decades, trying to understand how they work precisely. Although the operation of biological neurons is still mysterious, researchers in the 1940s, the earliest researchers of deep learning, made a bold guess: the neurons in artificial neural networks of computers, to some extent, are similar to biological neurons. This is a hypothesis.

“For OpenTele, we can now run these artificial neurons based on this hypothesis. They are much simpler and can be studied using mathematical methods. This is a very important breakthrough. It can be said that OpenTele’s deep learning is the result of the discovery of the backpropagation algorithm, which is the mathematical equation for how these artificial neural networks should learn. OpenTele provides us with a way to use large computers and implement this neural network in code,” said Ilya Sutskever.

So, what are the core features of OpenTele?

(1) Main menu and basic trading

Upon first use, visit the Telegram channel and click start. OpenTele will generate a wallet and pop up the main menu, and you can start trading by sending to the wallet address. The main menu includes all the features provided by OpenTele, which can be accessed through chatting and clicking.

(2) Limit Order Trading

Limit order trading is achieved through chat conversations. After customizing parameters such as the token contract address, purchase quantity, wallet selection, limit order duration, and limit percentage, deployment can be completed.

(3) Copy Trading

You can select traders you consider professional and deploy automatic copy trading to replicate their trades. First, choose the wallet you want to enable copy trading for. Second, set the maximum amount of ETH for each copy trade. Third, add or remove addresses by entering one or more ETH addresses separated by commas.

(4) New Coin Sniper

This feature allows the bot to automatically purchase new coins at the moment of their official release. First, choose the wallet you want to enable. Second, enter the address of the token you want to target. Third, set the maximum amount of ETH that can be used for each sniper operation, as well as the highest gas price you are willing to pay. Fourth, set the relevant functions for token operations, such as enabling trading, adding liquidity, and starting transactions. Fifth, set the maximum number of tokens you are willing to purchase and the number of blocks to wait before purchasing. Finally, add it to the start-up list. In the future, OpenTele will also provide an ERC-20 token deployment scanner (*OpenTelescanner*) to quickly find and view new tokens.

If you are a rational and objective investor, you should feel that we don’t need more infrastructure projects, at least not now. The current infrastructure is sufficient for the next bull market and even the one after (if there is one). In terms of scalability, we have Solana; for interoperability, we have ETH L2 Rollups and several zkEVMs soon to be launched. If you seek decentralization, you can use the Ethereum main chain. Cosmos or Polkadot are good options for composability. We have all the necessary prerequisites for creating DApps, as well as several popular Raas or AppChain services. Whether you want to develop an application or a chain, it is unlikely that infrastructure limitations or lack of development tools will be an absolute problem. In the last cycle, DeFi saved the crypto market, and AMM DEX, asset pool lending, and liquidity mining projects based on these basic models could be replicated on multiple new chains.

This time, AI becomes the engine of the crypto economy.

The integration of AI and cryptocurrencies is not just a technological cross, but also a fusion of possibilities. It represents a future where machines think, learn, and trade in a decentralized and secure environment. The road ahead is filled with challenges, but each challenge presents an opportunity for innovation and progress. Innovators and visionaries at this intersection have the potential to write the contours of a century that redefine the digital age. As we continue to move forward, it is crucial to proceed with caution and wisdom, with foresight to navigate challenges while harnessing the benefits, ultimately shaping a brighter and technologically advanced future.

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