HashKey’s AI Adventure: Is It Genius or Just a Gimmick?

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So, let me get this straight. HashKey, the crypto exchange from Hong Kong, just launched its first AI product called ModAI. I mean, really? ModAI? Sounds like a bad sci-fi movie. What’s next, a crypto toaster? 🍞

On April 3, they decided to dip their toes into the AI pool. And what do they come up with? A glorified chatbot that can moderate content, create virtual avatars, and offer customer support. Wow, just what we needed—more robots to ignore us! 🤖

According to some report from SCMP—because who doesn’t love a good report?—this AI tool could cut operational costs by 80% and double user engagement. I don’t know about you, but I’m still trying to figure out how to double my engagement on Tinder. 😅

ModAI can chat in multiple languages: Chinese, English, Japanese, and Vietnamese. Great! Now I can be ignored in four different languages! They’re planning to add more languages later this year. Fantastic! Just what I need—more ways to be misunderstood! 🙄

Now, Sean Wang, the vice-president of product and head of the AI team, said they initially wanted to create their own large language model (LLM). But then they realized it would cost a fortune. Smart move, Sean! Why spend money when you can just borrow someone else’s brain? 💸

And get this: they want to expand ModAI to include AI agents that can invest in crypto for you. Because, you know, trusting a robot with your money is always a good idea. What could possibly go wrong? 😬

AI agents are all the rage in the crypto world. Traders love the idea of having a digital assistant manage their finances. But some folks are skeptical. Binance’s co-founder, Changpeng “CZ” Zhao, thinks developers are too busy creating tokens instead of making these agents actually useful. I mean, who needs functionality when you can have a shiny new token, right? 💁‍♂️

CZ also called AI chatbots “lazy” because they only regurgitate what users already know. I mean, come on! If I wanted to hear the same old stuff, I’d just call my mother! “The problem with AI Chatbots is that, often, I don’t know what I don’t know,” he said. Well, that’s a profound thought, CZ. Maybe we should just ask the AI what we should know. But wait, that’s too much work! 😩

Oh, and last month, HashKey launched a new initiative to rate cryptocurrencies and exchanges in Hong Kong. Because nothing says “trustworthy” like a rating system in a market that’s already a wild west! 🤷‍♂️

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2025-04-03 15:43