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technology3h ago
CFTC Chairman Says AI Helps Agency Run More Like a Business | PYMNTS.com
- CFTC aims to run more like a business by integrating AI to boost efficiency.
- Agency staff will be trained on Microsoft 365 Copilot as AI tools are rolled out.
- The CFTC has set key performance indicators to speed up new applications.
- AI adoption comes amid concerns about staff shortages in crypto and prediction markets.
- The Innovation Task Force was formed to set rules for new technologies in derivatives.
- Selig expects AI to streamline workflows and operations.
- The remarks were delivered during a House Agriculture Committee hearing.
- The CFTC aims to handle growing responsibilities with better tools.
- The ITF seeks to clarify rules for innovative products in derivatives markets.
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