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Gulf Press > Business > NSE MD warns that AI-driven trading may blur the distinction between truth and lies
Business

NSE MD warns that AI-driven trading may blur the distinction between truth and lies

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Last updated: 2024/11/02 at 7:00 AM
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The National Stock Exchange of India (NSE) celebrated its 30th anniversary on Diwali by launching a multi-language website and mobile apps to enhance accessibility for investors across India. During the Muhurat Trading session, NSE Managing Director Ashish Kumar Chauhan extended warm wishes for the new year, Vikram Samvat 2081, and emphasized NSE’s commitment to providing accurate and reliable information to the trading community. He also highlighted the dangers of relying solely on artificial intelligence for trading decisions, warning that the line between truth and lies could become blurred with persistent use of AI.

Reflecting on NSE’s origins, Chauhan noted that NSE was established on Diwali in 1994, marking 30 years of the exchange’s existence. He emphasized the importance of Muhurat trading for the country, as it marks the beginning of a prosperous financial year for many investors. In its efforts to support investors across linguistic backgrounds, NSE introduced its website in eight additional regional languages, bringing the total to twelve, including Assamese, Bengali, Kannada, Malayalam, Oriya, Punjabi, Tamil, and Telugu, in addition to English, Hindi, Marathi, and Gujarati.

To further enhance accessibility and provide users with market updates and tools to make informed decisions on the go, new NSE mobile apps for Android and iOS were also launched. Chauhan stressed the importance of receiving information from trusted sources like NSE, rather than relying on rumors or tips on trading. The launch of the multi-language website and mobile apps aims to empower investors with the information they need to make informed decisions in the ever-changing financial market.

The celebration of NSE’s 30th anniversary on Diwali not only marked a milestone for the exchange but also underscored its dedication to innovation and supporting investors across India. The introduction of the multi-language website and mobile apps reflects NSE’s efforts to enhance accessibility and provide accurate and reliable information to a broader audience. With the launch of the new platforms, NSE aims to empower investors with the tools they need to navigate the complexities of the financial market and make informed decisions for a prosperous financial year ahead.

As NSE continues to evolve and adapt to meet the needs of investors in an increasingly digital landscape, the launch of the multi-language website and mobile apps demonstrates its commitment to innovation and accessibility. By providing information in a variety of regional languages and offering market updates on mobile platforms, NSE is equipping investors with the resources they need to stay informed and make sound financial decisions. With the celebration of its 30th anniversary on Diwali, NSE reaffirmed its position as a trusted source of information and support for the trading community in India.

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News Room November 2, 2024
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