This is what Nithin Kamath said on Zerodha using AI/ML technologies

  • While AI and ML-powered technologies are said to be dominating every sector today, in a surprise reply Nithin Kamath pointed out that for Zerodha there is ‘no use-case yet’.
  • The last time we’d spoken to the team that handled this at SEBI, they said no broker had reported usage despite many openly advertising AI-powered technologies.
  • From my interactions with the industry, I am strongly inclined to say that most of the claims of being powered by AI-powered technologies are superfluous marketing, pure hogwash.
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