Compute Is A Trillion-Dollar Market Trading In Group Chats | Brett Harrison & Andrawes Bahou

GPU compute is becoming a trillion-dollar tradeable commodity, but lacks the standardized pricing, hedging, and futures infrastructure other commodities have.

• Opaque market today: Compute still trades via text messages, phone calls, and brokers; buyers pay up to 2x to get GPUs sooner than normal 4-16 week lead times.
• Phantom capacity problem: Lenders require signed offtake agreements before financing GPU clusters that don't exist yet, forcing buyers to distinguish real capacity from fake broker promises.

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