The Commodity Futures Trading Commission appointed Ted Kaouk as the agency’s first chief artificial intelligence officer.
Kaouk, who has served as the CFTC’s chief data officer and director of the division of data since December, will take on the role to help develop the agency’s AI strategy and advance its data-driven capabilities. His new role at the CFTC will be “chief data and artificial intelligence officer,” according to an agency news release May 1.
“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,” Chair Rostin Behnam said in the news release. “As one of my top priorities, the CFTC has been deeply engaged in efforts to deploy an enterprise data and artificial intelligence strategy to modernize staff skill sets, instill a data-driven culture, and begin to leverage the efficiencies of AI as an innovative financial markets regulator.”