#leverage

Chainalysis CEO Michael Gronager predicts that within the next five years, governments will increasingly leverage AI to uncover financial crimes on the blockchain, including tax evasion. This initiative is expected to be coordinated rather than fragmanted across various agencies.

OpenAI, an AI research and deployment company, has signed a deal with Arizona State University (ASU). This partnership aims to leverage the corporate version of ChatGPT in educational processes to enhance various aspects, including:

Solana Labs has unveiled an incubator program, aiming to attract startups to leverage its blockchain platform. This initiative is the latest in a series of efforts by Solana to stimulate network growth, complementing other projects like hackathons and an AI accelerator.

After the market crash on August 18, analyst Andrew Kang adopted a bullish stance. He opened long positions on Bitcoin (BTC), Ethereum (ETH), and Arbitrum (ARB). However, this decision resulted in a significant loss. Due to his use of extremely high leverage, which reached up to 100x, Kang's positions became vulnerable and were liquidated not once, but as many as fourteen times. These successive liquidations caused Kang to lose approximately $432,000 in a single day. This incident highlights the risks associated with trading and employing high leverage, especially during periods of intense market volatility.

The government is set to leverage ChatGPT to translate extensive volumes of EU legal documentation into the Albanian language (shqip).