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US Commodity Futures Trading Commission tracking AI developments, agency says

( December 5, 2024, 21:31 GMT | Official Statement) -- MLex Summary: The US Commodity Futures Trading Commission has issued a staff advisory on the use of artificial intelligence in regulated markets, underscoring obligations under the Commodity Exchange Act and the CFTC’s regulations as companies begin to implement AI. "CFTC staff is closely tracking the development of AI technology and AI’s potential benefits and risks," the agency said. "Staff values its ongoing dialogue with CFTC-regulated entities and intends to monitor these entities’ use of AI as part of the agency’s routine oversight activities." See attached file....

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