The US Commodity Futures Trading Commission (CFTC) has named its first chief artificial intelligence officer (CAIO).
Ted Kaouk, who currently serves as the agency’s chief data officer (CDO) and director of the division of data, will be responsible for developing the CFTC’s enterprise data and AI strategy.
CFTC chair Rostin Behnam said: “Enhanced data analytics and artificial intelligence have the potential to transform the CFTC’s long-term capabilities for oversight, surveillance, and enforcement in the derivatives markets.
“As one of my top priorities, the CFTC has been deeply engaged in efforts to deploy an enterprise data and artificial intelligence strategy to modernise staff skillsets, instil a data-driven culture, and begin to leverage the efficiencies of AI as an innovative financial markets regulator.”
READ MORE: UK regulators indicate principles-based approach for AI regulation
Before joining the CFTC in December 2023, Kaouk served as the CDO and responsible official for AI at the Office of Personnel Management (OPM), where he was responsible for developing the agency’s first federal government-wide human capital data strategy and data products.
Prior to joining OPM, Kaouk was the CDO at the US Department of Agriculture, where he was responsible for establishing the agency’s first enterprise data analytics and AI platform.
©Markets Media Europe 2024
