SEBI’s AI tool ‘Pinaka’ to identify stock recommendations on TV shows

Securities and Exchange Board of India (SEBI) has developed an artificial intelligence (AI)-based system called Picture-based Information News Accumulator and Key Information Analyzer (Pinaka) that will scan various bourse-related television shows and create a database of recommendations made by these shows.

According to the Economic Times, by implementing Pinaka, SEBI will closely scrutinise stock recommendations made by TV shows and will report any wrongdoings. Pinaka’s database will be part of SEBI’s big-data network, which the regulator will use to conduct stock market-related inspections. Pinaka will scan all major television shows and display stock recommendations through programming. It will convert unstructured data into structured data after extracting it for surveillance purposes.