Artificial intelligence on the side of justice. A group of scientists from Michigan, Stanford and the University of California developed the ICORATING algorithm, which is capable of detecting ICO scammers with an accuracy of 83%.
The algorithm examined more than 2000 ICO projects, life expectancy and price changes for the crypto currency, whitepaper, constituent team, GitHub repository, websites and other information from the network.
This development should greatly help investors safely invest their capital in a truly existing and profitable ICO, and also analyze and give an overall assessment of the market.
In general they took everything that we humans do and inserted that into the AI form. That was good move but I really dont understand how the AI works with the help of white paper and roadmap? Its not the digital form or values which AI can really understand that in first place. I mean it is readable form and its just written piece of paper. I know AI can be very advance and learn things from their but wondering how their algorithm works in the first place. Its really good to see how things work now a days and we ahem moved from the human intelligence to the AI one in short period of time. We use to dig the gold yesterday and today AI works for us and tells us whats good for us. Interesting.
