Coinbase has conducted an experiment to assess the accuracy of the artificial intelligence language model, ChatGPT, developed by OpenAI, in detecting security vulnerabilities in smart contracts.

The Blockchain Security team at Coinbase compared ChatGPT’s risk score results for 20 smart contracts to those obtained from a manual security review, with the goal of determining whether ChatGPT could be integrated into the security review process. The test revealed that ChatGPT produced the same results as the manual review 12 times. However, in the remaining eight cases, ChatGPT failed to identify a high-risk asset, and five of these were labeled low-risk.

ChatGPT is a promising tool for improving productivity across a wide range of development and engineering tasks, including optimizing code and identifying vulnerabilities, among other things, based on the prompts it is given. However, while ChatGPT shows potential for quickly assessing smart contract risks, it does not meet the accuracy requirements needed to be integrated into Coinbase’s security review process.

The Blockchain Security team leverages in-house automation tools developed to aid security engineers in reviewing ERC20/721 smart contracts at scale. To test ChatGPT’s ability to review security risks in smart contracts, the team fed the tool with a prompt that specified the risk review framework to be used to compare the results to those obtained from the manual review. However, the team noted that ChatGPT did not have the context or information required to perform a response that could be compared to the manual review. Therefore, Coinbase had to teach ChatGPT to identify risks according to the security review framework.

Prompt engineering, a developing AI field, played a significant role in ensuring ChatGPT produced the intended results. The team had to articulate how the task should be performed or handled to obtain the intended results. Using the prompt engineered by Coinbase, ChatGPT produced risk scores that were used to compare the tool’s accuracy to that of a manual review.

Despite the efficiency of ChatGPT, the experiment revealed some limitations that impair the tool’s accuracy. ChatGPT is incapable of recognizing when it lacks context to perform a robust security analysis, resulting in coverage gaps where additional dependencies go unreviewed. An initial triage would be required to scope the review for the tool each time to prevent coverage gaps. ChatGPT is also inconsistent, as the same question may receive different answers, and the tool can be influenced by comments in the code.

Finally, OpenAI continues to iterate on ChatGPT, and Coinbase is optimistic that future versions of the tool may be more effective in identifying security vulnerabilities in smart contracts.

#Coinbase #COIN #ChatGPT #AI #azcoinnews

This article was republished from azcoinnews.com

Former Coinbase CTO Balaji Srinivasan has recently made a bold bet on Bitcoin’s price, predicting that the cryptocurrency will reach $1 million within the next 90 days. As Bitcoin continues to attract attention from investors and the mainstream media, many are wondering if such a scenario is even possible.

To shed some light on the issue, we spoke with ChatGPT, an AI language model trained by OpenAI, to explore some of the potential scenarios that could cause Bitcoin’s price to surge to such a high level in such a short period of time.

According to ChatGPT, one of the most significant factors that could drive up the price of Bitcoin is massive institutional investment. If large financial institutions, such as pension funds or hedge funds, start investing significant amounts of money into Bitcoin, it could create a surge in demand and drive up the price. This type of investment would not only bring new capital into the market, but it would also bring credibility and legitimacy to Bitcoin, which could attract even more investors.

Another potential scenario is if Bitcoin becomes a global reserve currency, similar to the US dollar. As countries around the world start to hold Bitcoin in their reserves, it could cause the price to skyrocket. This scenario would require a significant shift in the global economic order, but it is not entirely impossible.

Economic uncertainty is another factor that could lead to a price increase. If there is a global economic crisis or inflationary pressure, investors may turn to Bitcoin as a safe haven asset. As demand for Bitcoin increases, so too will the price.

Additionally, if more businesses and individuals start using Bitcoin for everyday transactions, it could lead to a surge in demand and a rise in price. As more people start using Bitcoin as a store of value and a means of payment, it could also become more widely accepted, which would create a positive feedback loop that drives up the price even further.

Lastly, the halving event, which happens every four years, could also contribute to a surge in Bitcoin’s price. During this event, the reward for mining Bitcoin is cut in half, reducing the supply of new Bitcoin entering the market. This event has historically led to price increases in Bitcoin. If the halving coincides with other bullish factors, it could create a perfect storm that drives the price to new heights.

It is important to note, however, that predicting the future price of Bitcoin is extremely difficult and highly speculative. Investing in Bitcoin carries significant risks, and it is crucial to conduct thorough research and seek professional advice before making any investment decisions.

In conclusion, Balaji Srinivasan’s bet on Bitcoin reaching $1 million within the next 90 days may seem unlikely, but there are potential scenarios that could cause such a surge in price. As always, caution and prudence should be exercised when investing in cryptocurrencies.

#ChatGPT #GPT-4 #Bitcoin #Coinbase #azcoinnews

This article was republished from azcoinnews.com

Elon Musk plans to create an alternative to OpenAI's ChatGPT and has contacted AI researchers, including former Alphabet DeepMind employee, Igor Babuschkin. This decision was taken after Open AI became a closed-source, for-profit organization.

However, Musk’s idea is in its early stages, and there is no clear plan to develop any particular products. Babuschkin stated that Musk is not looking to build a chatbot with fewer content safeguards. It would be interesting to see what Elon is planning for the future of AI.

#Crypto2023 #ElonMuskTwitter #ChatGPT #coingabbar

ChatGPT has stopped working, with users around the world complaining about issues with OpenAI.

Website health monitor Down Detector logged hundreds of reports from ChatGPT and GPT-4 users, who complained that OpenAI is down and the chatbot was not working.

The status page on OpenAI’s website stated “outage on chat.openai.com”, noting several other incidents in recent days.

The latest version of OpenAI’s generative artificial intelligence tool launched earlier this month, following the huge success of the firm’s ChatGPT software in 2022.

GPT-4 has already proved capable in a wide array of tasks, with OpenAI claiming the technology is able to handle “much more nuanced instructions” than its predecessor ChatGPT.

Users have recreated classic video games “in seconds” with GPT-4, as well as used it to interact with human workers in order to complete real-world tasks.

The advances made by OpenAI and other firms in recent years have led some artificial intelligence researchers to warn that AI has started to develop beyond an exponential rate.

#ChatGPT #GPT-4 #OpenAI #crypto2023 #azcoinnews