CFTC’s Selig Sees Role for Compute Futures, Rules for AI Trading Agents
By PYMNTS
AI summary of the source article
CFTC Chairman Michael Selig stated that derivatives markets could help finance the artificial intelligence economy by allowing businesses to hedge computing costs. He also noted that regulators face unresolved questions regarding autonomous trading agents.
Why it matters
Businesses will need tools to hedge computing costs in the artificial intelligence economy.
Key facts
- CFTC Chairman Michael Selig outlined a role for derivatives markets in financing the AI economy to hedge computing costs.
- Selig said regulators face unresolved questions concerning autonomous trading agents.
- The remarks were delivered on Wednesday (Oct. 28) at the agency's inaugural Frontier event.
Source excerpt · PYMNTS
Commodity Futures Trading Commission (CFTC) Chairman Michael Selig outlined a potential role for derivatives markets in financing the artificial intelligence (AI) economy, arguing that businesses will need tools to hedge computing costs. At the same time, he said, regulators confront unresolved questions about autonomous trading agents. Speaking Wednesday (Oct. 28) at the agency’s inaugural Fronti…