Stock market updates: Sebi issues new rules for stock brokers, depository participants
The market watchdog directed stock brokers and depository participants using applications based on artificial intelligence (AI) and machine learning (ML) to inform about its system whether it adheres to regulator's cyber security framework or not, among others.
The directive comes after the regulator observed that AI/Machine Learning (ML) systems are black boxes and their behaviour cannot be easily quantified. Image source: Reuters