5paisa Capital Launches Model Context Protocol (MCP) for AI-Powered Trading Integration
NewsVoir
Mumbai (Maharashtra) [India], June 20: 5paisa Capital, one of India's leading discount broking firms, has officially launched its Model Context Protocol (MCP). This framework integrates Claude, a state-of-the-art large language model (LLM), with 5paisa's internal APIs. This launch represents a strategic integration aimed at enhancing user experience and brings AI-powered trading capabilities to 5paisa users. With MCP, 5paisa users can now perform a wide range of trading tasks -- from placing orders and analyzing market data to backtesting strategies -- simply by interacting with Claude via natural language. This rollout aligns with 5paisa's vision to simplify advanced trading tools for everyday investors.
With the MCP, users can now harness the power of cutting-edge LLMs to make more informed trading decisions using real-time market data and their own custom datasets. By enabling intelligent prompt-based trading through 5paisa XStream Open APIs, MCP empowers users to bring any data source -- be it weather, crop yield, or macroeconomic indicators -- into the decision-making process for personalized stock market analysis.
"We believe the future of investing lies in empowering users with intelligent tools that are not just data-driven, but context-aware. Model Context Protocol is our answer to the growing need for adaptive AI in financial decision-making," said Gaurav Seth, MD & CEO, 5paisa Capital. "With MCP, even non-coders can now interact with complex datasets and advanced trading strategies through natural language -- truly putting the power of institutional-grade analytics into the hands of everyday investors."
Key Features of 5paisa MCP
* AI-enabled Trading Assistant: Built-in support for Claude LLM, with plans to support additional AI models soon.
* Prompt-Based Interface: No coding knowledge required -- simply type commands like "Backtest my breakout strategy from Jan 2021 to Dec 2022".
* Custom Data Integration: Users can include external context (e.g., climate data, economic forecasts) for enhanced decision-making.
* Encrypted & Private: All data shared is encrypted during transit; users retain full control of data sharing.
* Free for Existing Users: MCP is available at no additional cost to all current 5paisa account holders.
* Cross-Platform Support: Available on Windows, Mac, and Linux via Claude Desktop.
The MCP assistant can also be used without logging in for general information and market research. However, advanced trading features and account-linked capabilities will remain exclusive to authenticated users.
This launch reinforces 5paisa Capital's commitment to offering the most innovative, accessible, and secure trading solutions in the Indian financial landscape. MCP is now live and accessible via the desktop and web application for all 5paisa customers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
36 minutes ago
- India.com
After 6000 job cuts, Microsoft plans another layoff in July, CEO Satya Nadella says 'If you're going to use...'
After 6000 job cuts, Microsoft plans another layoff in July, CEO Satya Nadella says 'If you're going to use...' Microsoft CEO Satya Nadella is calling on the industry to think seriously about the real impact of artificial intelligence (AI) especially the amount of energy it uses. This comes as AI is quickly changing the tech world. Speaking at Y Combinator's AI Startup School, he said that tech companies need to prove that AI is creating real value for people and society. 'If you're going to use a lot of energy, you need to have a good reason,' Nadella said. 'We can't just burn energy unless we are doing something useful with it.' His comments come as AI is praised for pushing innovation forward, but also criticized for using massive amounts of electricity and possibly making social gaps worse. For Microsoft, one of the biggest companies building AI tools, this is a big concern. A report in 2023 estimated that Microsoft used about 24 terawatt-hours of power in a year. That's as much electricity as a small country uses in the same time. But Nadella believes AI should be judged by how well it helps people in real life. 'The real test of AI,' he said, 'is whether it can make everyday life easier—like improving healthcare, speeding up education, or cutting down on boring paperwork.' He gave the example of hospitals in the U.S., where simple things like discharging a patient can take too long and cost too much. He said if AI is used for this task, it could save time, money, and energy. Microsoft's AI push comes with job losses Even as Microsoft have big plans for AI, the changes have not come without a cost, especially for workers. Over the past year, the company has laid off more than 6,000 employees. Microsoft said these job cuts were part of 'organisational changes' needed to stay strong in a fast-changing business world. That fast-changing world is being shaped by artificial intelligence and cloud computing. Microsoft, working closely with its AI partner OpenAI, is putting AI at the center of its future plans. But as the company shifts toward more automation and AI-driven tools, it's also reorganizing teams, often leading to people losing their jobs. Microsoft is reportedly preparing for another round of job cuts and this time in its Xbox division. The layoffs are expected to be part of a larger corporate reshuffle as the company wraps up its financial year. If these cuts go ahead, it would be Microsoft's fourth major layoff in just 18 months. The company is facing increasing pressure to boost profits, especially after spending USD 69 billion to acquire Activision Blizzard in 2023.
Mint
42 minutes ago
- Mint
Why tech billionaires want bots to be your BFF
Next Story Tim Higgins , The Wall Street Journal In a lonely world, Elon Musk, Mark Zuckerberg and even Microsoft are vying for affection in the new 'friend economy.' Illustration: Emil Lendof/WSJ, iStock. Gift this article Grok needs a reboot. Grok needs a reboot. The xAI chatbot apparently developed too many opinions that ran counter to the way the startup's founder, Elon Musk, sees the world. The recent announcement by Musk—though decried by some as '1984"-like rectification—is understandable. Big Tech now sees the way to differentiate artificial-intelligence offerings by creating the perception that the user has a personal relationship with it. Or, more weirdly put, a friendship—one that shares a similar tone and worldview. The race to develop AI is framed as one to develop superintelligence. But in the near term, its best consumer application might be curing loneliness. That feeling of disconnect has been declared an epidemic—with research suggesting loneliness can be as dangerous as smoking up to 15 cigarettes a day. A Harvard University study last year found AI companions are better at alleviating loneliness than watching YouTube and are 'on par only with interacting with another person." It used to be that if you wanted a friend, you got a dog. Now, you can pick a billionaire's pet product. Those looking to chat with someone—or something—help fuel AI daily active user numbers. In turn, that metric helps attract more investors and money to improve the AI. It's a virtuous cycle fueled with the tears of solitude that we should call the 'friend economy." That creates an incentive to skew the AI toward a certain worldview—as right-leaning Musk appears to be aiming to do shortly with Grok. If that's the case, it's easy to imagine an AI world where all of our digital friends are superfans of either MSNBC or Fox News. In recent weeks, Meta Platforms chief Mark Zuckerberg has garnered a lot of attention for touting a stat that says the average American has fewer than three friends and a yearning for more. He sees AI as a solution and talks about how consumer applications will be personalized. 'I think people are gonna want a system that gets to know them and that kind of understands them in a way that their feed algorithms do," he said during a May conference. Over at Microsoft, the tech company's head of AI, Mustafa Suleyman has also been talking about the personalization of AI as the key to differentiation. 'We really want it to feel like you're talking to someone who you know really well, that is really friendly, that is kind and supportive but also reflects your values," he said during an April appearance on the Big Technology Podcast. Still, he added, Microsoft wants to impose boundaries that keep things safe. 'We don't really want to engage in any of the chaos," Suleyman said. 'The way to do that, we found, is that it just stays reasonably polite and respectful, super-even handed, it helps you see both sides of an argument." With all of that in mind, it comes as little surprise that the current crop of chatbots are designed to sound like you're having a conversation with another human. This has resulted in lots of pearl clutching. There are academics warning about the dangers of users falling in love with AI and individual anecdotes of users going overboard in their use. The idea of a heartbroken man falling in love with his chatbot isn't new, of course. It was the plot of the 2013 film 'Her" starring Joaquin Phoenix and Scarlett Johansson, who voiced the AI. (OpenAI's own AI voice, which sounded eerily similar to Johansson's last year, triggered a public fight with the actress.) Still, we—a society that's only a generation into a world of social media—have some recent experience in how algorithms can have unintended consequences. They create echo chambers that reinforce worldviews rather than expand them. The news of Musk's Grok reboot is an example of that. Grok and xAI were born, in part, out of Musk's concerns about AI being developed by companies he called woke. He pointed to Google results that seemed overly concerned with being politically correct rather than factually accurate. With xAI, Musk aimed to create what he called a 'maximum truth-seeking AI." Yet when an influential X user known as Catturd lambasted Grok's answers in June, Musk took quick note. 'When Grok first came out—it was awesome—now Grok is just woke fake news that repeats liberal talking points," Catturd posted on June 18. 'I know this for a fact because everything Grok says about me is a lie. What a joke Grok has become." Another X user asked Grok why it lied about Catturd. 'I aim to provide accurate, neutral responses based on available data," the chatbot responded on X. 'Claims that I lie about @catturd2 may stem from disagreements with my sourcing, like Media Matters or Rolling Stone, which document his misinformation. I don't have personal biases, but AI training can introduce unintended slants. Some report I censor criticism or push fringe views, while others note I fact-check conservative claims accurately. Bias in AI is complex, and neutrality is tough to achieve. If you have specific examples of lies, please share, and I'll clarify with evidence." Musk wasn't impressed. 'Your sourcing is terrible," Musk replied. 'Only a very dumb AI would believe [Media Matters] and [Rolling Stone]! You are being updated this week." He later said xAI would retrain the AI on data created with an updated version of Grok, 'which has advanced reasoning" that would be used 'to rewrite the entire corpus of human knowledge, adding missing information and deleting errors." After all, nobody wants a friend who is always spouting the wrong crazy stuff. Write to Tim Higgins at Topics You May Be Interested In Catch all the Technology News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
Economic Times
an hour ago
- Economic Times
AI doing up to 50% of work at Salesforce: CEO Marc Benioff
Reuters Salesforce CEO Marc Benioff, in an interview with Bloomberg, said that the company is using artificial intelligence (AI) to do 30% to 50% of the statements have been made by other tech leaders, including Microsoft CEO Satya Nadella and Google chief Sundar Pichai, who have said that AI does a significant portion of work like coding in their companies. Benioff continued, 'All of us have to get our heads around this idea that AI can do things that before, you know, we were doing, and we can move on to do higher-value work.' When the interviewer Emily Chang asked if AI could replace him one day, Benioff joked, 'I hope so. I mean, of course, I'm partially kidding. You know that, but we're becoming more automated.'According to Bloomberg, Salesforce has already let go of over 1,000 employees this year. While some may be moved into new roles, large-scale job cuts like these are becoming more common with the growing adoption of month, Salesforce acknowledged that its adoption of AI tools has enabled the company to scale back on recruitment. During an analyst call, chief financial and operations officer Robin Washington said the company is reducing hiring, with 500 customer service staff to be moved into other roles, an adjustment expected to save $50 million.A few months ago, Benioff went so far as to say that the company wouldn't be hiring any more engineers this year due to significant productivity gains from it is worth noting that despite the slowdown in technical hiring, the company is expanding its sales of January 31, Salesforce had a workforce of around 76,500. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour Second only to L&T, but controversies may weaken this infra powerhouse's growth story Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? 3 critical hurdles in India's quest for rare earth independence HDB Financial may be cheaper than Bajaj Fin, but what about returns? Why Sebi must give up veto power over market infra institutions These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts Are short-term headwinds from China an opportunity? 8 auto stocks: Time to be contrarian? Buy, Sell or Hold: Motilal Oswal initiates coverage on Supreme Industries; UBS initiates coverage on PNB Housing
