Can AI make crypto trades for you? Not yet, but maybe in the future

Welcome to On the Rise! Delivered every Tuesday via email and through the Tech in Asia website, this free newsletter breaks down the biggest stories and trends in emerging tech. If you’re not a subscriber, get access by registering here.

Hello there,

Is it just me, or does it seem like anytime you watch the news today, there is some development on AI being unveiled?

Since OpenAI’s launch of GPT-40 last month, there’s been news such as the company’s alleged misuse of a famous actress’ voice, and the clunky deployment of the AI model’s competitor: Google’s Gemini. Love it or hate it, AI is here to stay.

How it would change the society we live in today has been debated by experts and academics. And our two Big Stories touch on just how this technology is being applied in various industries.

My colleague Scott, for instance, spoke with Alex Svanevik – CEO and co-founder of Singapore-based crypto analytics firm Nansen – to have a better understanding of how generative AI is being used to discover the “who’s who” behind crypto wallets. The AI can now identify possible crypto trades for clients, but Svanevik looks to take it a step further in automating the trades for Nansen’s clients (if they want to) in the future.

In the second Big Story, my colleague Lokesh explores how the hurdles behind the initial hype of GPT-40. While the model has opened a wide range of possibilities in sectors such as education, robotics, and healthcare, there are several questions still unanswered by OpenAI’s latest demo.

Lastly, for AI Odyssey, I discuss the difficult choices Southeast Asian countries have to make to create space for the heavy investments Big Tech is pouring into the region for data centers. Can we really handle operating these energy-intensive facilities, sustainably?

Sounds exciting or terrifying? I’ll let you read the stories so you can have a better grasp of what is at stake.

— Elyssa

THE BIG STORIES

1️⃣ When AI meets Web3: A Singapore firm chasing full automation in crypto trading

Image credit: Made by Tech in Asia using Midjourney

Crypto analytics firm, Nansen, is using AI to identify crypto wallets and make suggestions on trades, but will it bring the company back to profitability?

2️⃣ Hurdles beyond the hype of GPT-4o’s impact on businesses

AI Odyssey

NEWS YOU SHOULD KNOW

FYI