From Reuters, May 28:
- Shanghai futures would be tied to AI model building blocks
- China's daily token usage surged to 140 trillion by March 2026
- China experts push for token futures to compete with US in AI tech and finance
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.In contrast, the Shanghai exchange's product would be tied to AI tokens, which are used for pricing AI services.All of these derivative products are designed for companies all along the AI supply chain to hedge against the cost of computing power....
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