Caution for Investors - NSE clarifies on fake news regarding appointment of Siddharth Kotak as AI promotion chairman
CNBC TV 18
Fake and misleading’: NSE debunks reports of appointing new AI promotion chairman
The National Stock Exchange on January 28 addressed a news report regarding the appointment of someone named Siddharth Kotak as AI Promotion Chairman of the stock exchange.
In a press release, the NSE dismissed the reports and said no person named Siddharth Kotak has joined the organisation as published in the news articles.
“It has been brought to the notice of National Stock Exchange of India Ltd. (NSE) that a few news articles regarding the appointment of an individual named Mr Siddharth Kotak as AI Promotion Chairman of NSE were published online by various publishers on their website,” the NSE said on Thursday.
The stock exchange further said the news about the appointment is fake and has been reported without any authorisation from the NSE.
“This news about the appointment of the said individual is fake and has been published without any authorisation of NSE,” it said.
Calling the news misleading, the exchange reaffirmed that no such appointment had been made. The stock exchange usually officially confirms regarding its major updates on its website.
“NSE would like to clarify that no such individual by the name Mr Siddharth Kotak has joined NSE as mentioned in the news articles. The news is misleading and fake,” the exchange stated.
The NSE asked all investors, stakeholders and the general public to remain cautious of such fake news.
“NSE requests all the investors, stakeholders, market participants and the public at large not to rely on this fake news and remain cautious,” it said.
Notably, since the boom of artificial intelligence or AI, India’s largest stock exchange NSE has implemented programmes to adapt to the changing global scenario. In August 2024, it launched a training programme named AI Fusion: Transforming Finance and Sales with Generative AI (GenAI).
In 2020, it also launched Knowledge Hub, an artificial intelligence-powered learning ecosystem which will assist the banking and financial services sector in enhancing the skills of their employees.
Updated on: 28/02/2025
