CME to Create Futures Market for Computing Power Backing AI (2)

US derivatives exchange CME Group Inc. and index provider Silicon Data are teaming up to create a futures market for computing power, a key source driving the AI boom.

The futures will help traders, financial firms, AI builders and cloud providers manage volatility and price swings, according to a statement Tuesday. Indexes from market-intelligence firm Silicon Data will help underpin the products. The project is still pending regulatory review.

Computing power, also known as compute, has been in high demand as AI companies use it to power their systems. BlackRock Inc. Chief Executive Officer Larry Fink said last week that ...