CME Group and Silicon Data announce a futures market for computing capacity, with contracts based on daily GPU benchmarks for on-demand rental rates
A new futures market for semiconductors will let traders hedge their artificial intelligence investments with bets on the increasingly expensive price of computing power.
Foretold by Larry Fink at Milken on may 5: “The [US] has short power. We're short compute. We're short chips. And they're going to be shortages in all three. And memory for things. I actually believe a new asset class will be buying futures of compute.” 2/
CME Group and @Silicon_Data are launching first-in-class Compute futures later this year. This contract will enable AI builders and cloud providers to hedge the “oil of the 21st century,” an emerging asset class in its own right. Get the details. https://www.cmegroup.com/... [ima…
“As the backbone of the digital economy, compute is the new oil of the 21st century,” CME CEO Terry Duffy said in statement. “Every AI model trained, every transaction cleared, and every byte of data processed runs on compute, which is becoming a fast-emerging asset class in its