New ChatGPT

However, there are plans to incorporate additional Large Language Models, such as Google's Bard, in addition to those provided by OpenAI.

FalconX's machine-learning algorithms were incorporated into the platform from the beginning of 2018 to get a clear image of the market, with the initial usage concentrating on cleaning up market data to sift out the fictitious activity and wash trade.

Satoshi will use LLM 

While machine-learning algorithms are capable of identifying patterns and foreseeing acts, they are unable to direct traders' future moves. Large Language Models can use this as a basis and then layer so-called generative artificial intelligence on top of it, said the Forbesreport. 

Having worked on Satoshi for more than nine months, FalconX is currently testing and developing the chatbot using OpenAI's infrastructure and API stacks. The business wants to make ChatGPT's LLM the foundation for a variety of applications.

Since 10% of traders use computational models to conduct 90% of all legitimate cryptocurrency trading, Satoshi will help level the playing field for small investors. 

The goal of Satoshi is to enable the remaining 45% of hedge funds to compete on an equal level with large, quantitative operations in at least a portion of their trading.

To provide briefings tailored to clients' interests or holdings, Satoshi can comb through all pertinent news and information from both traditional and social media, providing answers to queries like:

"How did my portfolio do over the past 24 hours?" or "Who are the three biggest players in the cryptocurrency space?".

The potential for a partnership between FalconX and OpenAI is enormous, but the real question is whether it will be successful.

However, as technology develops and more people become accustomed to AI-assisted trading, there will probably be a substantial change in how investors engage in Bitcoin trading.