Capital One has moved to patent an artificial intelligence platform capable of turning the internetâs 24/7 cryptocurrency informational overload into actionable trading recommendations.Â
- Capital Oneâs âcredibility analysis engineâ would sort through and analyze price speculations from Telegram, Twitter and Reddit crypto influencers; hacking news; regulatory headlines; YouTube videos; protocol blog posts and more, according to the Aug. 13 patent application.
- This AI-backed engine would then weigh these signals against historical trends and source track-records to generate a âmarket trend predictionâ for the cryptocurrencies, the filing said.
- The result: a âpersonalized trading decisionâ for cryptocurrencies that users could opt to execute on the platform, according to the application.
- âIt would be impossible for human traders to track,â digest, decipher and trade on the entire breadth of cryptocurrencies intelligence alone, Capital One said in the application.
- Capital One did not immediately respond to CoinDesk questions on what it plans to do with its AI credibility engine or if the platform is already in use.Â
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