IndiaSEBI using AI for investigations, says official

SEBI using AI for investigations, says official

Date:

New Delhi, Feb 25: SEBI is using Artificial Intelligence (AI) for investigations, its Whole Time Member Kamlesh Chandra Varshney said on Saturday and emphasised that entities should keep track of technological developments. Against the backdrop of instances of manipulations in the stock market, he said the message is that abiding with the law will be more beneficial and violations will cause problems.

In response to a question by PTI on whether SEBI is using AI, Varshney said, “we are using Al for investigations… and also using for a lot of things”. He was speaking on the sidelines of the 13th convention of the Association of Exchanges Members of (ANMI) in the national capital.

As long as the market is transparent and no manipulation is happening, that is fine with the regulator, he noted. The Securities and Exchange Board of India (SEBI) has been taking action against violators as well as measures to enhance transparency and curb misdoings.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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