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With the advent of artificial intelligence (AI), several aspects of our lives have become more efficient and easier to navigate. One of the latest AI-based technologies is a user-friendly chatbotChatGPT, which is growing in popularity owing to its many applications, including in the field of education.

ChatGPT uses algorithms to generate text similar to that generated by a human, within seconds. With its correct and responsible use, it could be used to answer questions, source information, write essays, summarize documents, compose code, and much more. By extension, ChatGPT could transform education drastically by creating virtual tutors, providing personalized learning, and enhancing AI literacy among teachers and students.

However, ChatGPT or any AI-based technology capable of creating content in education, must be approached with caution.

Recently, a research team including Dr. Weipeng Yang, Assistant Professor at the Education University of Hong Kong, and Ms. Jiahong Su from the University of Hong Kong, proposed a theoretical framework known as 'IDEE' for guiding AI use in education (also referred to as 'educative AI').

In their study, which was published in the ECNU Review of Education on April 19, 2023, the team also identified the benefits and challenges of using educative AI and provided recommendations for future educative AI research and policies. Dr. Yang remarks, "We developed the IDEE framework to guide the integration of generative artificial intelligence into educational activities. Our practical examples show how educative Al can be used to improve teaching and learning processes."

The IDEE framework for educative AI includes a four-step process. 'I' stands for identifying the desired outcomes and objectives, 'D' stands for determining the appropriate level of automation, the first 'E' stands for ensuring that ethical considerations are met, and the second 'E' stands for evaluating the effectiveness of the application. For instance, the researchers tested the IDEE framework for using ChatGPT as a virtual coach for early childhood teachers by providing quick responses to teachers during classroom observations.

They found that ChatGPT can provide a more personalized and interactive learning experience for students that is tailored to their individual needs. It can also improve teaching models, assessment systems, and make education more enjoyable. Furthermore, it can help save teachers' time and energy by providing answers to students' questions, encourage teachers to reflect more on educational content, and provide useful teaching suggestions.

Notably, mainstream ChatGPT use for educational purposes raises many concerns including issues of costs, ethics, and safety. Real-world applications of ChatGPT require significant investments with respect to hardware, software, maintenance, and support, which may not be affordable for many educational institutions.

In fact, the unregulated use of ChatGPT could lead students to access inaccurate or dangerous information. ChatGPT could also be wrongfully used to collect sensitive information about students without their knowledge or consent. Unfortunately, AI models are only as good as the data used to train them. Hence, low quality data that is not representative of all student cohorts can generate erroneous, unreliable, and discriminatory AI responses.

Since ChatGPT and other educative AI are still emerging technologies, understanding their effectiveness in education warrants further research. Accordingly, the researchers offer recommendations for future opportunities related to educative AI. There is a dire need for more contextual research on using AI under different educational settings. Secondly, there should be an in-depth exploration of the ethical and social implications of educative AI.

Thirdly, the integration of AI into educational practices must involve teachers who are regularly trained in the use of generative AI. Finally, there should be polices and regulations for monitoring the use of educative AI to ensure responsible, unbiased, and equal technological access for all students.

Dr. Yang says, "While we acknowledge the benefits of educative AI, we also recognize the limitations and existing gaps in this field. We hope that our framework can stimulate more interest and empirical research to fill these gaps and promote widespread application of Al in education."

More information: Jiahong Su () et al, Unlocking the Power of ChatGPT: A Framework for Applying Generative AI in Education, ECNU Review of Education (2023). DOI: 10.1177/20965311231168423

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ChatGPT as 'educative artificial intelligence' - Phys.org

Bitcoin bounced higher on Wednesday evening UK time after US president Joe Biden stated he was close to reaching a deal with Republican leaders to ward off a potentially catastrophic debt default.

Markets have been anxious that the US governments US$31.tn debt ceiling was close to being breached, yet partisans on both sides of the bench have been unable to reach a consensus on how to tackle the crisis.

But Biden said he is now "confident" a deal can be reached and passed by the first of June.

With a shot of confidence in the markets, BTC/USDT ripped to an intraday high of US$27,500 before correcting back to US$27,400 by the sessions close.

The pair has since moved back to US$27,220 this morning.

Bitcoin hits the breaks on volatility Source: currency.com

Ethereum (ETH) didnt benefit quite as much from the Biden bounce, closing Wednesday a few basis points lower at US$1,822 before inching close to US$1,830 this morning.

Spot prices for both ether and bitcoin appear to be levelling out following a period of heightened volatility, though a notable lack of liquidity in the markets remains a significant risk factor.

Both are also in the red week on week, while other blue-chip altcoins have begun outpacing them

Litecoin (LTC) is particularly strong, adding nearly 16% week on week as it continues to gain traction in anticipation for the next halving event on 2 August.

Ripple (XRP), whose developer Ripple Labs just bought Switzerland-based crypto custody firm Metaco for US$250mln, has also surged ahead with 5% gains, while BNB, Dogecoin (DOGE), Solana (SOL), Cardano (ADA) and Polygon (MATIC) are all in the green.

Global cryptocurrency market capitalisation added half a percent overnight not US$1.13tn, while total value locked in the decentralised finance space added 0.2% to hit above US$47bn.

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Bitcoin and Ethereum: Altcoins show strength against crypto ... - Proactive Investors USA

When announcing the much publicized $125 million fine against JP Morgan for violating recordkeeping rules, the U.S. Securities and Exchange Commission (SEC) Chair stated that financial institutions did not act as if they got the message regarding unauthorized or unwatched written communications.[1] The Commodity Futures Trading Commission (CFTC) has also fined banks and brokerages billions of dollars for not saving communications.[2] For a long time, businesses had to worry about saving their own authorized communications, but more recently, the SEC has discovered that employees are purposefully discussing business on separate communications channels to avoid company eyes.[3]

As the fines become stiffer for current authorized and unauthorized messaging platforms, the race to develop artificial intelligence, including an AI-powered chatbox, is in full swing.[4] Early tests of AI chat tools show that AI can produce some offensive and crazy responses as they ingest a vast amount of text from the internet.[5] What will federal regulators make of these messages? It is even predicted that workers in the finance industry could be replaced by AI in the areas of financial advising, trading, accounting, and investment banking.[6] In announcing the fine against JP Morgan, SEC Chair Gary Gensler stated: As technology changes, its even more important that registrants ensure that their communications are appropriately recorded and are not conducted outside of official channels in order to avoid market oversight.[7]

Much has been said about the Department of Justices announced changes to its criminal enforcement policies.[8] Kenneth A. Polite, Jr., the Assistant Attorney General of the Criminal Division, emphasized that business-related electronic data and communications must be preserved, and accessible or negative consequences will flow. This includes communications on personal devices, communication platforms, or third-party messaging applications. AI generated messages or information will most likely also be considered business-related electronic data. It is unclear how erroneous or false information from AI will be viewed. But one thing is for sure, the SEC and other agencies will continue to investigate financial firms and whether they have gotten the message or not. Regulated firms need to invest time and resources in developing communications and retention policies now with an eye towards the future of AI.

[1] SEC will reward cooperation where firms mess up with unauthorized communication, Resources, Jennie Clarke, November 17, 2022, http://www.globalrelay.com/sec-will-reward-cooperation-where-firms-mess-up-with-unauthorized-communications.

[2] 16 Wall Street firms fined $1.8B for using private text apps, lying about it, Computer World, Lucas Mearlan, September 28, 2022, http://www.computerworld.com/article/3675289/16-wall-street-firms-fined-18b-for-using-private-text-apps-lying-about-it.

[3] Id.

[4] Microsofts new AI chatbox has been saying some crazy and unhinged things, NPR, Bobby Allyn, March 2, 2023, http://www.npr.org/2023/03/02/1159895892/ai-microsoft-bing-chatbox.

[5] Id.

[6] ChatGPT may be coming for our jobs. Here are the 10 roles that AI is most likely to replace, Business Insider, Aaron Mok and Jacob Zinkula, April 9, 2023, http://www.businessinsider.com/chatgpt-jobs-at-risk-replacement-artificial-intelligence-ai-labor-trends-2023-02.

[7] JPMorgan Admits to Widespread Recordkeeping Failures and Agrees to Pay $125 Million Penalty to Resolve SEC Charges, U.S. Securities and Exchange Commission Press Release 2021-262, December 17, 2021, http://www.sec.gov/news/press-release/2021-262.

[8] DOJ Takes Stance on Messaging Apps, Details Comp Reforms, Law 360, Stewart Bishop, March 3, 2023, http://www.law360.com/articles/1582115/doj-takes-stance-on-messaging-apps-details-comp-reforms.

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What is the Message from Artificial Intelligence | Butler Snow LLP ... - JD Supra

SUMMARY

Bitcoin, Ethereum and other cryptocurrencies edged higher on Thursday. The global crypto market cap stood at $1.13 trillion, with a volume of $33.5 billion in the past 24 hours. "Tether's announcement to diversify reserves into crypto shows the market's interest. In the past 24 hours, Cartesi (CTSI) and MOBOX (MBOX) have been the top gainers on WazirX," said Rajagopal Menon, Vice President, WazirX.

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Bitcoin | The world's largest and most popular virtual currency, Bitcoin, gained a percent to $27,354.3. Its market value stood at $530.3 billion. The trade volume was at $15 billion.

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"BTC is presently trading at approximately $27,300, and a potential rise may materialise if it surpasses the resistance level of $27,550. Support can be found at the $27,000 level, while resistance is expected at $27,420 and subsequently at $27,550," said Edul Patel of Mudrex.

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Ethereum | The second largest virtual currency, Ethererum or Ether, rose 1.2 percent to $1,826.8 with a market capitalisation of $219.6 billion. The trade volume of Ethereum was $6.2 billion in the last 24 hours.

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Patel said, "Ethereum experienced a decline yesterday following the Chinese prosecutors' announcement of a crackdown on the NFT market. However, it has since recovered and is currently trading around the $1,825 mark".

5 / 8

Dogecoin | Meme-based virtual currency, Dogecoin, gained 2.2 percent to $0.1. Its market value stood at $10.4 billion. The trade volume was at $323.3 million.

6 / 8

Solana | Solana rose half a percent to $21.1 with a market capitalisation of $8.3 billion. The trade volume of Solana was $270.6 million in the last 24 hours.

7 / 8

Shiba Inu | Shiba Inu fell 0.1 percent with a market capitalisation of $5.2 billion. The trade volume was $106.3 million in the last 24 hours.

8 / 8

Polygon | Polygon gained 3.4 percent to $0.1 with a market capitalisation of $8.2 billion. The trade volume was $423.3 million in the last 24 hours.

Link:

Crypto Price Today: Bitcoin holds above 27k, Ethereum, other tokens gain - CNBCTV18

More than 70% of all tokenized Bitcoin, worth over $4.3 billion, have been transferred to Ethereum, according to data from Cryptoflows.

This migration highlights a growing trend of utilizing Bitcoin within Ethereums decentralized finance (DeFi) ecosystem and other interesting areas.

Out of the $5.75 billion worth of BTC exported from Bitcoin, over $1.44 billion found its way to the BNB Smart Chain (BSC) with more BTC tokens flowing to Avalanche, Fantom, and Solana.

Just like Ethereum, BSC, Avalanche, and other ecosystems where tokenized BTC found its way to, support smart contracting. Therein, holders can engage in DeFi, possibly earning income.

Bitcoin doesnt support smart contracts; explaining why some holders are tokenizing their assets. Still, while there appears to be growing demand for DeFi, reading from this outflow of BTC to smart contracting platforms, total value locked (TVL) and decentralized exchange (DEX) volumes have been low and even stagnant.

Data from DefiLlama.com, a DeFi analytics platform, shows that TVL is flat and below $50 billion.

Meanwhile, DEX trading volumes have been relatively low in recent months. This phase of decreased activity could suggest a temporary slowdown in decentralized trading, mirroring the general trend of crypto prices in recent months.

With less than $2 billion of registered DEX trading volumes on May 17, there has been a notable slump in activity over the last months, especially from early 2022.

In November 2021, at the peak of the last bull cycle, DEX trading volumes, on average, stood at over $7 billion.

While users port their BTC to smart contracting platforms, Bitcoin prices remain under pressure partly due to regulatory decisions across the world, mainly in the United States and Europe.

On May 16, the European Union (EU) approved comprehensive crypto regulations which aim to bring transparency and oversight to the crypto industry, addressing concerns such as money laundering and investor protection.

Even in this bearish environment, Geoff Kendrick, the head of digital assets research at Standard Chartered, recently opined that Bitcoin prices could rally by as much as 70%, adding $20,000, should the United States default on its debt.

Related Reading: Bitcoin Loses Grip On $27,000 Handle Amid Debt Ceiling Concerns Details

Although Kendrick said the probability of this default is a low-probability, high-impact event, his prediction has generated significant interest within the crypto and Bitcoin communities as some begin to theorize the potential impact of the worlds superpower defaulting on its debt obligations on the broader financial landscape.

Any such event would result in economic turmoil and an inevitable loss of faith in traditional financial systems that would most likely drive investors towards alternative assets, mostly cryptocurrencies.

Considering Bitcoins stature and setup as a safe haven, the coin, in Kendricks view, could benefit, subsequently posting significant gains.

Feature From Canva, Chart From TradingView

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Billions Of Dollars Tokenized Bitcoin Moved To Ethereum, BSC, And Solana - NewsBTC