China designing futures for ai tokens
The Shanghai Futures Exchange is in early-stage work to design futures contracts tied to so-called AI tokens, the smallest units processed by AI models, according to people familiar with the matter. The plan is driven partly by AI rivalry with the United States and comes as US exchanges prepare GPU compute futures tied to renting compute power. China's daily token usage has jumped about 1,000-fold to more than 140 trillion by end-March, and computing shortages have forced Chinese models to ration access. Timing and regulatory approval are unclear, though brokers forecast compute futures within three to five years.
Shanghai is designing futures contracts tied to ai tokens.
Context
US exchanges are preparing GPU compute futures. China is accelerating a spot market and…
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- Watch PointsShanghai Futures Exchange publishes a…Locked
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