SEBI Launches AI Chatbot ‘SEVA’ for Investors

Current Context: On 29th July 2024, SEBI (Securities and Exchange Board of India) has recently introduced SEVA—an Artificial Intelligence (AI)-powered chatbot designed to assist investors in the securities market.

• Here’s what you need to know:
• Purpose: SEVA aims to enhance investor experience and accessibility to crucial market information.
• Features:
• Comprehensive Information: Investors can get detailed information on various processes.
• Citations for Responses: SEVA provides citations for generated answers.
• Follow-up Questions: Investors can ask follow-up questions.
• Speech-to-Text and Text-to-Speech: SEVA supports both speech-to-text and text-to-speech functionalities.
• Market Queries: SEVA answers general queries about the securities market, master circulars, and grievance redressal processes.

Question:

1 What is the primary purpose of SEVA, the AI-powered chatbot introduced by SEBI?

• A) To automate stock trading for investors
• B) To enhance investor experience and accessibility to crucial market information
• C) To monitor stock market fluctuations in real-time
• D) To replace human advisors in the securities market

Answer: B) SEVA aims to enhance investor experience and accessibility to crucial market information.