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AI1d ago

CFTC Uses AI to Monitor Prediction Markets; Former OpenAI CTO Launches New Lab

CFTC discusses AI surveillance of prediction markets while ex-OpenAI executive starts collaborative AI company.

Synthesized from 4 sources

The Commodity Futures Trading Commission is deploying artificial intelligence tools to monitor prediction markets like Polymarket for potential insider trading violations, according to CFTC Chairman Michael Selig. In an interview, Selig discussed how the agency scours these platforms and other prediction markets for illegal activity.

Prediction markets allow users to bet on the outcomes of future events, from election results to economic indicators. The CFTC's use of AI surveillance represents an expansion of regulatory oversight into these emerging financial platforms.

Separately, former OpenAI Chief Technology Officer Mira Murati has launched a new venture called Thinking Machines Lab, focusing on developing collaborative artificial intelligence systems. Murati, who previously served as interim CEO of OpenAI during a brief leadership transition, said her new company aims to build AI that works alongside humans rather than replacing them.

Murati emphasized that her approach differs from automation-focused AI development. Instead of creating systems designed to eliminate human jobs, Thinking Machines Lab is developing AI tools intended to enhance human capabilities and maintain human oversight in the decision-making process.

The developments highlight two different approaches to AI implementation in professional settings - one focused on regulatory enforcement and monitoring, the other on human-AI collaboration in workplace environments.

Sources (4)

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