India's markets regulator to soon issue advisory on emerging AI risks

The advisory will specifically address risks from Anthropic's Mythos and other AI tools.

The chairman did not specify whether the advisory would include binding rules or remain voluntary in nature. He mentioned that the regulator is monitoring the evolving AI landscape and will provide guidance to ensure market stability.

The announcement comes amid growing global concern over the use of AI in financial markets, particularly after incidents involving model-driven trading anomalies. SEBI's focus on Anthropic's Mythos—a large language model with potential applications in trading, analysis, and client communication—highlights the regulator's attention to specific advanced AI tools. The advisory is expected to be non-binding initially, with the possibility of more concrete regulations if risks materialize.