Woo X Unveils AI-Driven Trader 'George AI' for Enhanced Copy Trading
Woo X introduces an AI trader called 'George AI' in its copy trading platform, allowing users to bet on the performance of AI versus human traders.
Cryptocurrency exchange Woo X has introduced an AI trader known as George AI in its copy trading application highlighted earlier this year, allowing users to emulate a machine learning-driven crypto sentiment engine while betting on the performances of AI compared to human traders.
Additionally, Woo X has formed a partnership with Kaito, led by former Citadel technicians, which has developed a machine learning search engine for analyzing crypto sentiment on platforms like X and Discord.
Through this AI technology, traders now have tools for sentiment analysis of cryptocurrencies, a service previously utilized for stocks like Apple or Nvidia. However, as noted by Yu Hu, CEO of Kaito, the noise levels from crypto sentiment data are notoriously high, complicating quantitative strategy deployment.
"Because of how noisy the data are, nobody has been able to deploy a strategy quantitatively," Hu explained. "We aim to make advanced AI technology accessible for ordinary traders."
The platform plans to engage users in weekly competitions where the most copied human traders compete against George AI, bringing to life the age-old rivalry between man and machine. With a hint of humor in their promotion, the question asked is: Are human traders facing obsolescence?
When queried about the competitive nature of this initiative, a Woo X representative shared: "We are literally seeing this roll out along with the users."