U.S. Financial Markets Regulator Names First Chief Artificial Intelligence Officer
- The Commodity Futures Trading Commission appointed its first Chief Artificial Intelligence Officer, Ted Kaouk, in response to the Biden administration’s focus on regulating AI use in the federal government.
- Kaouk, who currently serves as the CFTC’s Chief Data Officer, will develop strategies for overseeing and enforcing financial markets using AI.
- President Biden issued an executive order last year to enhance oversight of AI systems, followed by governmentwide guidance from the White House Office of Management and Budget in March, mandating assessments, testing, and bias safeguards for AI systems across federal agencies.
- Federal agencies, including the U.S. Justice Department, are required to designate Chief AI Officers to coordinate AI use and implement the new guidance, with regular coordination through the Chief AI Officer Council established by the White House.
