A Shape-Shifting AI Joins the Bitcoin Crime-Fighting Squad!
In a strange turn of events, our collective digital age of Robin Hood gets a new Sheriff of Nottingham. This time, it’s an AI model developed by the blockchain analysis firm, Elliptic, in collaboration with MIT and IBM. This algorithmic Sheriff isn’t just all brains, it has a physique too – it’s designed to observe and detect the ‘shape’ of Bitcoin money laundering. But worry not, this ‘shape’ isn’t a trapdoor to your Zumba moves, instead, it’s all about the convoluted patterns that Bitcoin money launderers follow.
Key Points:
- A new AI detection model is on theblock(chain)! With a brain trained on a 200-million-transaction dataset, this model is like a pumped-up watchdog for questionable Bitcoin transactions.
- The model is the joint brainchild of Elliptic (an analytics company), MIT (the birthplace of tech geniuses), and IBM (a godfather of the tech industry). This collaboration seems as powerful as a superhero team-up in a Marvel movie.
- The AI model spots the ‘shape’ of Bitcoin money laundering. While we’d love a literal image of a bulky, villainous shape twirling its moustache, this ‘shape’ is a fancy term for the patterns and techniques launderers use to hide their nefarious deeds.
- The AI acts as the new, improved financial crime-fighting officer who never sleeps, and more importantly, never asks for a donut break (sorry, humans).
Final Thoughts:
In conclusion, we’re living in an era where machine learning and artificial intelligence aren’t confined to sel-driving cars and voice assistants. They’re now virtually patrolling the streets of the Crypto City, keeping an eagle’s eye on suspicious transactions, and making the web-world a safer place for Bitcoin investors. What’s more, they make it all seem like a much cooler version of a cop-drama, minus the donuts and caffeine addiction. With this new AI model, criminals might need to rethink their “laundering load.” After all, it’s always prudent to recheck your whites when there’s a new AI sheriff in town!
As part of this experiment I would like to give credit where credit is due. If you enjoy these, please take a moment to read the original article:
https://www.wired.com/story/ai-crypto-tracing-model-money-laundering/
Blog Title
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Instruction: “You are an AI blog title generator. Create a catchy and concise title for the blog post that is catchy and optimized for search engines. Remove all html in the response and do not use quotes. Please do not use words that are unsafe to process in Dall-E image AI.”
Prompt: Content Summary of text from above.
Response: Shape-Shifting AI Battles Bitcoin Money Laundering
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Instruction: “You are a helpful assistant that creates unique images based on article titles. Create a brief visual description of what an image would look like for this title. Please pick a style of art from the following: Futurism, Impressionism, Romanticism, or Realism, be sure to consider the image should reflect an AI Robot Pirate theme during the Golden Age of Pirates.”
Prompt: In the style of Futurism, the image portrays a dynamic scene during the Golden Age of Pirates. In the center, an AI Robot Pirate with a glowing, technical skeleton and a classic pirate hat is adjusting its physical form, portraying the concept of shape-shifting. Its hand morphs into a digital shovel, digging through a pile of symbolic Bitcoin coins, which is glowing with traces of electronic circuit design. In the backdrop, there are further hint of high-tech digital symbols and binary codes to accentuate the theme of AI and technology. The energy and motion of the AI Robot Pirate combined with the theme creates a sense of intensity and excitement.
Response: Shape-Shifting AI Battles Bitcoin Money Laundering
