Terms and Conditions for Graham
Last updated: October 29, 2026
Introduction
These Terms and Conditions ("Terms") govern your use of the Graham mobile application, the website at getgrahamai.com and the related services (together, the "Service"), operated by Billion Labs ("we," "our," or "us"). By using the Service, you agree to these Terms. If you do not agree, do not use the Service.
App Overview
Graham shows a personalised feed of news, market data, events and discussions about the stocks you own and follow, including articles that are researched, written and fact-checked with the help of artificial intelligence (such as Google Gemini and Anthropic Claude). Graham covers stocks listed in India and the United States.
Not Investment Advice
Please read this section carefully.
- Everything in Graham, including articles, summaries, data, charts, analyst figures and notifications, is provided for general information and educational purposes only. It is not investment, financial, legal or tax advice, and it is not a recommendation or offer to buy, sell or hold any security.
- Billion Labs is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst. It is not a registered investment adviser, broker-dealer or financial planner in any other jurisdiction.
- Graham does not take your personal financial situation, goals or risk tolerance into account.
- Investing in securities involves risk, including the loss of your capital. Past performance does not indicate future results.
- You are solely responsible for your investment decisions. Do your own research and consult a qualified, registered adviser before making any investment decision.
AI-Generated Content
- Graham's articles and summaries are produced with AI models from third-party providers, and Graham uses AI to identify stocks in text you paste in during AI import.
- We check articles against their sources before publishing, but AI can make mistakes. Content may be inaccurate, incomplete, out of date or misattributed.
- Articles link to their sources. Check the original source before relying on any statement.
- Results from AI import are suggestions. Nothing is added to your watchlist until you confirm it, and you should review the suggestions before you do.
Market Data
- Prices, charts, fundamentals and other market data come from third-party providers. They may be delayed (for example, prices for NSE-listed stocks may be 15 minutes or more behind), incomplete or occasionally wrong.
- Market data in Graham is not suitable for trading decisions that depend on real-time prices. Check with your broker or the exchange before trading.
- We do not guarantee that any stock, exchange or data field will stay available.
Eligibility
- You must be at least 18 years old, or the age of majority where you live if that is higher, to use Graham.
- You must have the legal capacity to agree to these Terms.
- Your use of the Service must comply with all applicable laws and regulations.
Your Account
- Graham creates an anonymous account for your install. No email, phone number or social login is needed.
- Your account is tied to your device and app install. If you uninstall the app, clear its data or lose your device, you may lose your watchlist and history, and we may not be able to restore them.
- You are responsible for keeping your device secure and for all activity that happens through your install.
- You can delete your account at any time from Settings → Delete account.
License
Subject to these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to use the Service for your personal, non-commercial use.
License Restrictions
You agree not to, and not to let others:
- Sell, rent, lease, distribute, sublicense or otherwise commercially exploit the Service or its content.
- Copy, republish or redistribute Graham's articles, data or other content, except to share links or brief excerpts with attribution for personal, non-commercial purposes.
- Modify, make derivative works of, disassemble, decompile or reverse engineer any part of the Service.
- Scrape, crawl or use automated means to access the Service or extract its content or data.
- Remove or obscure any proprietary notice.
Acceptable Use
You may use Graham to:
- Follow stocks and read the content and data Graham provides about them.
- Import your watchlist by pasting text from an AI assistant.
- Send us feedback and questions.
You may NOT use Graham to:
- Break any law or regulation, including securities laws, market abuse and insider-trading rules.
- Submit other people's personal data, confidential information or material non-public information.
- Send abusive, harassing, threatening, hateful or unlawful messages to our team.
- Upload malicious code or try to disrupt, overload, hack or gain unauthorised access to the Service.
- Submit content designed to manipulate, mislead or bypass the safeguards of the AI systems we use.
- Impersonate anyone, or misrepresent Graham's content as your own or as investment advice from us.
- Build a competing product or dataset from the Service.
Your Content
- "Your content" means the text you paste during AI import and the messages you send us through Feedback.
- You keep ownership of your content. You grant us a worldwide, non-exclusive, royalty-free license to store, process and transmit it (including to our AI and infrastructure providers as described in our Privacy Policy) only as needed to run and improve the Service.
- If you send us ideas or suggestions, we may use them without any obligation to you.
- You are responsible for your content and confirm that you have the right to submit it.
- We may remove content, or suspend access, if it breaks these Terms.
Notifications
If you allow notifications, Graham may send you alerts about the stocks you follow. Notifications may arrive late or not at all, and should not be relied on for time-sensitive decisions. You can turn them off in your device settings at any time.
Fees
- Graham is currently free to use. We may set fair-use limits on features such as AI import.
- We may introduce paid features in the future. If we do, prices and terms will be shown clearly before you buy, and purchases will be processed by the Apple App Store or Google Play under their terms, including their refund policies.
Privacy
Our Privacy Policy explains what data we collect, how we use AI providers, and how to delete your data. By using the Service, you agree to the processing it describes.
Third-Party Content and Links
Graham links to and summarises third-party websites, news sources and data. We do not control them and are not responsible for their content, accuracy, availability or practices. Third-party trademarks and company names belong to their owners; using them does not imply any endorsement or affiliation.
Service Availability and Changes
- We aim to keep Graham available, but we do not guarantee uninterrupted or error-free service. It may be unavailable during maintenance, provider outages or market events.
- We may add, change, limit or remove features, stocks or markets at any time. Where practical, we will give reasonable notice of significant changes.
Intellectual Property
The Service and its original content, features and functionality (excluding your content and third-party material) belong to Billion Labs and its licensors and are protected by copyright, trademark and other laws. The Graham name, logo and app design are trademarks of Billion Labs, and you may not use them without our written permission.
Disclaimer of Warranties
THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, TIMELINESS AND NON-INFRINGEMENT, TO THE FULLEST EXTENT PERMITTED BY LAW. We do not warrant that any content, data or AI output is accurate, complete or current.
Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, Billion Labs and its directors, employees, partners, agents, suppliers and affiliates will not be liable for any indirect, incidental, special, consequential or punitive damages, or for any loss of profits, investment losses, trading losses, loss of data or goodwill, arising from:
- Your use of, or inability to use, the Service.
- Any investment or trading decision you make based on, or influenced by, the Service.
- Errors, delays or omissions in market data, articles, AI output or notifications.
- Third-party content, websites or services.
- Unauthorised access to or loss of your data, including loss of an anonymous account.
Our total liability for all claims relating to the Service is limited to the greater of (a) the amount you paid us for the Service in the twelve months before the claim, or (b) INR 1,000.
Indemnification
You agree to indemnify and hold Billion Labs harmless from any claims, damages, losses and expenses (including reasonable legal fees) arising from your use of the Service, your content, your breach of these Terms, or your violation of any law or third-party right.
Termination
- You can stop using Graham at any time and delete your account from Settings.
- We may suspend or end your access at any time, without notice, if you breach these Terms or if we have to for legal or security reasons.
- When your access ends, your license to use the Service ends too. Sections that by their nature should survive (including Not Investment Advice, Disclaimer, Limitation of Liability, Indemnification and Governing Law) will survive.
Governing Law
These Terms are governed by the laws of India, without regard to conflict-of-law rules. The courts in Bengaluru, Karnataka, India have exclusive jurisdiction over any dispute arising from these Terms or the Service. This does not affect any mandatory consumer protection rights you have where you live.
If we don't enforce a right or provision, we have not waived it. If a court finds any provision invalid, the rest of these Terms remain in effect.
Changes to These Terms
We may update these Terms from time to time. We will give notice of material changes in the app and update the "Last updated" date above. If you keep using Graham after the changes take effect, you accept the updated Terms. If you don't agree, stop using the Service and delete your account.
Contact Us
- Email: support@billionlabs.ai
- In the app: Settings → Feedback
- Website: https://getgrahamai.com
These Terms and Conditions were last updated on October 29, 2026.