Aptos Labs, Microsoft to Develop AI Tool for Blockchain | BitPinas

• Aptos Labs announced that it has partnered with Microsoft to produce Aptos Assistant, a generative AI tool and chatbot that will focus on answering blockchain-related questions.
• Aptos said that Aptos Assistant will be launched as a “responsible, user-friendly, and secure” chatbot that is set to introduce the idea of web3 to casual internet users and organizations.
• Aside from introducing Aptos Assistant, the startup also emphasized that the partnership has agreed to explore solutions that target DeFi adoption from financial services firms, such as asset tokenization, payments, and CBDCs.

Aiming to combine artificial intelligence’s (AI’s) generative capabilities with blockchain’s transparency, Aptos Labs, the startup behind layer 1 blockchain Aptos, announced that it has partnered with multinational technology company Microsoft. 

The partnership is expected to produce Aptos Assistant, a generative AI tool and chatbot that will aim to assist web3 enthusiasts by answering blockchain-related questions.

Aptos Assistant: The Intersection of Blockchain and AI

In a statement, Aptos Labs admitted that onboarding new users to the web3 ecosystem can be time-consuming and complex, which may discourage these new users. 

“Some challenges new web3 users face once they’ve started engaging with the ecosystem include understanding how blockchain and decentralization benefit users personally, creating wallets to onboard into web3, and converting fiat currency to cryptocurrency,” the startup explained. 

(Read more: How to Make Money with ChatGPT – Proven Ways to Generate Income Online)

Thus, to solve this challenge, Aptos said that Aptos Assistant will be launched as a “responsible, user-friendly, and secure” chatbot that is set to introduce the idea of web3 to casual internet users and organizations:

“Aptos Assistant will enable users to seamlessly onboard into web3 by asking any kind of question regarding the Aptos blockchain ecosystem using natural language. It will also be available to guide developers as they build smart contracts and decentralized apps—and direct them toward relevant, accessible resources.”

Aptos Labs x Microsoft

To make Aptos Labs’ goal happen, it confirmed that it will utilize the Azure OpenAI Service, Microsoft’s program that provides access to large language models developed by OpenAI, such as GPT-4, GPT-3, Codex, and DALL-E.

“Artificial Intelligence and blockchain technologies are quickly converging for one important reason: they are both generational breakthroughs that profoundly impact the evolution of the internet and shape society. Together with Microsoft, our shared vision is to ensure that this technology is accessible to more people and organizations than ever before,” said Mo Shaikh, CEO of Aptos Labs. 

Meanwhile, aside from introducing Aptos Assistant, the startup also emphasized that the partnership has agreed to explore solutions that target decentralized finance (DeFi) adoption from financial services firms, such as asset tokenization, payments, and Central Bank Digital Currencies. 

Promoting DeFi adoption is not a new thing for Aptos Labs, as its founders were former engineers of Diem Payment Network, a Meta-backed cryptocurrency project that did not even launch. 

(Read more: Facebook’s DIEM Formerly Known as Libra Shuts Down Without Ever Launching)

“The intersection of AI and blockchain is one of the most interesting combinations of emerging technologies and can generate transformational use cases. By fusing Aptos Labs’ technology with the Microsoft Azure Open AI Service capabilities, we aim to democratize the use of blockchain enabling users to seamlessly onboard to Web3 and innovators to develop new exciting decentralized applications using AI,” Rashmi Misra, General Manager, AI & Emerging Technologies, Microsoft, highlighted.

Consequently, Aptos Labs also stressed that it will run validator nodes on Azure to enhance the reliability and security of the Aptos blockchain.

“The world-class engineers behind Aptos Labs have solved some of the hardest problems in blockchain at an immense scale with security. By combining talent and technology, this partnership underscores Microsoft’s and Aptos’ shared commitment to decentralization,” the startup concluded. 

This article is published on BitPinas: Aptos Labs to Use Microsoft Azure OpenAI Service to Produce AI Tool Focusing on Blockchain

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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