Brett Harrison’s Architect Aims to Simplify Algorithmic Trading with AI
Brett Harrison, former CEO of FTX.US, has launched a new firm called Architect that aims to revolutionize crypto trading with the use of artificial intelligence (AI). Harrison believes that AI can make coding algorithmic trading strategies easier and more accessible to traders of all levels. Architect, which received a $5 million seed round from Coinbase Ventures and Anthony Scaramucci, among others, officially started in January 2023. The platform has been available in beta mode for select clients since May.
Key Points:
– Architect uses generative AI tools, such as ChatGPT, to write algorithmic trading code for cryptocurrencies.
– The platform allows traders to set up software that automatically buys bitcoin on Coinbase when its price drops below that of other exchanges.
– Architect is still in the early stages of exploring AI tools and plans to integrate them as part of a suite of features on its platform.
– One potential AI-powered tool being considered is the use of large language models (LLMs) for advanced market indicators.
– Harrison emphasizes that the success of trading strategies depends on the team behind it, not just the AI used to build it.
Hot Take: AI is the Future of Crypto Trading
Architect’s innovative use of AI in algorithmic trading has the potential to revolutionize the crypto industry. By leveraging generative AI tools and large language models, Architect aims to make trading strategies more accessible and efficient for both individual traders and large institutions. While AI is still in the early exploration phase for Architect, it is clear that the firm recognizes the importance of integrating AI into its platform to stay ahead in a rapidly evolving market. With Harrison’s expertise and the backing of investors, Architect has the potential to become a leading platform for institutional-grade crypto trading.
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