CFTC Chairman Michael Selig: AI Compute Is the "New Digital Oil"

CFTC Chairman Michael Selig said AI compute is becoming one of the most important commodities of our time, calling it the "new digital oil," and said America needs to dominate compute markets to win the AI race.
Selig said the U.S. wants compute prices, benchmarks, and transparent markets built on American soil, and noted the CFTC is working with the Department of Commerce to build the regulatory framework for these markets.