Former FTX Executive Patrick Gruhn Says AI Can Make Traders Money Without Risk

Former FTX Europe head Patrick Gruhn has introduced UpsideOnly, an AI-powered trading platform that claims to allow users to generate profits without the risk of financial loss. The platform utilizes BayesShield AI, trained on historical trade data from the now-defunct FTX exchange, to identify profitable market signals across various asset classes. When users propose successful trades, the parent company, Perpetuals.com, executes them using its own capital and shares the profits with the signal creators, while the company absorbs any losses itself. Despite the promise of a "no loss" model, critics remain skeptical due to Gruhn's past association with FTX and the financial volatility of Perpetuals.com, which currently reports negative earnings.

(Source：BeInCrypto)