AI computing power futures launch blocked: CFTC extends review, CME unlikely to launch on schedule in October
1 hours ago
The launch of NVIDIA GPU rental price futures, seen as a key step to turn AI computing power into an investable asset class, is facing hurdles. The Chicago Mercantile Exchange (CME) had hoped to roll out the computing power futures contract as early as early October, but now expects it will not secure regulatory approval by then. According to a letter, the U.S. Commodity Futures Trading Commission (CFTC), which oversees futures markets, is extending its review to delve into how such contracts operate and solicit feedback from a wider range of industry players. The CFTC noted that while a computing power financial market could support the development of U.S. AI, the underlying market is fragmented and opaque. (The Information)
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