Artificial Intelligence Agents in Tech Companies Aim to Transform Gambling Industry
In the ever-evolving world of technology, AI-powered gambling agents are making waves in the betting industry. Tech news outlet WIRED has recently highlighted the potential of these agents, noting that automating bets is a challenging feat due to AI agents' inability to access traditional bank accounts. This has led to the development of solutions that only work with platforms accepting crypto payments.
One such solution is AgentKit, a product by Coinbase, which seeks to automate payments for betting. Another startup, Rithmm based in Massachusetts, offers AI-powered gambling agents for a monthly subscription of $30. However, not all companies are embracing this new trend. FanDuel, a leader in the US betting market, has rejected the idea of AI-powered solutions that place wagers on behalf of the players.
Among the AI-powered betting tools, MonsterBet stands out. Founded by Carson Szeder, a computer science major, MonsterBet offers AI-powered tools for betting. Szeder claims that MonsterBet's solutions allow players to win 56% to 60% of the time, compared to the industry average of 52%. Another player in the free AI-powered solutions market is JuiceReel.
However, it's important to exercise caution when it comes to these AI-powered tools. WIRED has warned that players should be wary of scams as malicious parties have started to exploit the AI hype to defraud players. This warning was echoed after users reported disappointment with the performance of WagerGPT, an AI-powered tool designed to place bets on behalf of players, after paying a monthly fee of $199.
Meanwhile, Sire, a solution by Score, aims to automate betting processes. Set to come out of beta later this month, Sire seeks to automatically convert dollars into a stablecoin and place bets on behalf of players. Interestingly, Sire is not the first AI-focused project by Score. Memetica, an earlier project, initially aimed to automate currency conversion and betting, but later shifted focus to AI agents.
Zilliqa, another tech company, tested a solution called Ava for making horseracing picks and placing bets. However, they gave up on automated bets. Instead, they launched Ace, a chatbot that assists players with making picks.
In conclusion, while AI-powered gambling agents offer exciting possibilities, it's crucial for players to approach them with caution. As the technology continues to evolve, we can expect to see more innovations in this space.
