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 AI tokens – the smallest unit of information processed by AI models, said one of the people familiar with the matter. The Shanghai exchange’s research on product design for token futures is preliminary and driven partly ​by the AI rivalry with the U.S., according to the first source. The move comes as the CME Group and Intercontinental Exchange in the ​U.S. are preparing to launch GPU compute futures, which are tied to the cost of renting the computing ⁠power for AI.

Full report : Shanghai Futures Exchange is in the early stages of designing futures contracts for AI tokens; US exchanges are set to launch GPU compute futures.