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Sebi uses AI for investigations, says official

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Sebi used Artificial intelligence (AI) for investigationsits full-time member Kamlesh Chandra Varshney said on Saturday and pointed out that entities should keep track of technological development. Against the backdrop of cases of manipulation in the sotck exchangeHe said, the message is that following the law will be more beneficial and violations will cause problems.

In response to a question from PTI on whether Sebi uses AI, Varshney said: “We use Al for investigations…and we use it for many things as well.”

He was speaking on the sidelines of the 13th International Convention of the National Exchange Members’ Association of India (ANMI) in the national capital.

As long as the market is transparent and no manipulation takes place, it is fine with the regulator, he noted. The Securities and Exchange Board of India (Sebi) has taken action against violators as well as steps to improve transparency and curb misdeeds.

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