Wall Street’s GPU Futures Push Stalls at the CFTC

AI Summary

The Commodity Futures Trading Commission (CFTC) is delaying approval for GPU futures contracts linked to Nvidia chips, impeding CME Group's plan to launch these AI compute asset futures by October. The CFTC seeks broader industry feedback to better understand the contracts.

The launch of futures for rental prices on Nvidia GPUs, which are seen as important to make AI compute an investable asset class, is hitting a snag. CME Group had hoped to launch contracts as soon as early October, but it won’t have regulatory approval by then. The Commodity Futures Trading Commission, which regulates the futures market, is extending its review as it digs into how such contracts work and seeks comments from the broader industry, according to a letter to the exchange seen by The Information.