Forta Network, a Web3 cybersecurity firm, leverages machine learning models to monitor more than $40 billion in on-chain assets for its clients, which include Polygon, Compound, Lido, ZenGo, and Euler Finance, a crypto lending platform that lost $200 million in a cyber attack last month. Although the Forta system recognized malicious activity on Euler's blockchain protocol and alerted the company, it was not able to act quickly enough to prevent funds from being stolen. However, after negotiations with the hacker, customers were made whole. Forta's Christian Seifert, a former Principal Group Manager of Microsoft's cyber security and threat detection team, believes AI is an essential part of threat detection but also sees the downside of AI in its potential manipulation of OpenAI's ChatGPT. Seifert notes that while AI technology can enable more customized social engineering attacks, chatbots with large language models also have the potential to assist incident responders and transform technical data into natural language. According to a Pew Research study of US adults, 32% believe AI will have a mostly negative impact on workers, but Seifert is in the minority, believing that AI is a tool that augments and supports humans, not replace them. 

(By Andrew Cohen)