China works on AI token futures market, sources say, in race with US (opens in new tab)

China is designing a futures market for AI tokens, sources familiar with ​the matter said, as the country potentially takes a different tack to U.S. exchanges developing compute power futures to tap ‌the rapidly growing appetite to hedge AI costs. The Shanghai Futures Exchange is in the early stages of designing futures contracts for so-called […] The post appeared first on <a href="