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Capital market regulator Securities and Exchange Board of India (SEBI) on Wednesday launched 'Sudarshan', an AI-powered market surveillance system aimed at detecting fake financial analysts, investment advisors and misleading content on social networks. The rollout of the innovative, AI-powered tool followed the release of a consultation paper on guidelines for the responsible use of AI and machine learning in the domestic securities markets.

The regulator had proposed an initiative to regulate AI and ML applications used by market participants for compliance, surveillance, trading and advisory purposes.

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