Crypto Exchange Woo X Adds AI-Powered Trader ‘George AI’ to Its Copy Trade App

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coindesk
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5 hours ago


Cryptocurrency exchange Woo X has added an AI-powered lead trader, called “George AI,” to the platform’s copy trade application unveiled earlier this year, letting users emulate a machine learning crypto sentiment engine, and also allowing for weekly bets on man versus machine.


Woo X has partnered with Kaito, a firm led by former Citadel technicians that has built a machine learning search engine for crypto sentiment across platforms like X and Discord.


Sentiment analysis of social media platforms, done through a branch of AI known as Large Language Models (LLMs), have been applied to traditional trading in stuff like Apple or Nvidia stock. But when it comes to so-called Crypto Twitter, the signal is about an order of magnitude noisier, and is also driving a huge amount of retail trading, according to Yu Hu, CEO of Kaito.


“Because of how noisy the data are, nobody has been able to deploy a strategy quantitatively,” Hu said in an interview. “We've come up with a solution by indexing many information sources and leveraging the AI to understand tweet by tweet terms of sentiment and a semantic understanding of future trends. From our perspective, we really want to democratize advanced AI technology and bring it to the hands of average traders.”


Woo X plans to invite bets on weekly copy trading competitions between the most copied human traders and George, the AI, trying to predict who will come out on top.


Drawing on iconic battles between man and intelligent machines, like the computer Deep Blue versus Russian chess grandmaster Garry Kasparov, a partly tongue in cheek promotion of this clash asks the question: “Are human traders becoming obsolete?”


Asked if the weekly battle is likely to be close fought or depressingly dystopian, a Woo X spokesman said: “We are literally seeing this roll out along with the users.”


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