Australian regulator uses artificial intelligence to detect rogue market behavior

Aira warns of difficulty policing offenders offshore The Australian Securities and Investments Commission (Asic) chairman Greg Medcraft says the body’s new artificial intelligence software will target rooting out fake news on social media to prevent it from manipulating the share market. Medcraft says Asic’s push to use artificial intelligence to detect rogue market behavior will include a focus on people creating fake news to circulate on social media, aimed at driving up stock prices. ‘Asic is rapidly moving into the use of advanced technology methods to detect aberrant behavior, including breaches of the law, at an earlier stage,’ Medcraft tells the Australian Financial Review, in reference to the use of fake news as a market manipulation tool. ‘This is in addition to detecting such behavior after the fact and seeking…


Link to Full Article: Australian regulator uses artificial intelligence to detect rogue market behavior

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