News reports or official statements from regulatory bodies

CFTC Issues Measured First Step Advisory on Regulating Artificial Intelligence in Financial Markets

Dec 21, 2024, 08:30 AM

The Commodity Futures Trading Commission (CFTC) has issued an advisory regarding the use of artificial intelligence (AI) in financial markets. This advisory represents a 'measured first step' towards regulating AI, aimed at ensuring that advancements in AI align with legal and ethical standards. The move is part of ongoing efforts to create a framework for the responsible use of AI technologies in the financial sector. This development reflects the growing recognition of the need for regulatory oversight in the rapidly evolving field of AI, particularly as it pertains to trading and market operations.