How do you price a commodity that still clears in text messages?
This week, we're joined by Brett Harrison of Architect and Andrawes Bahou of Compute Desk to discuss why GPU compute needs a futures market for better pricing and hedging.
We explore the opaque broker markets quoting GPUs that don't exist, buyers paying up to 2x to get chips sooner, hyperscaler cash flow going negative, and the biggest constraints in the AI market. Enjoy!
TIMESTAMPS:
00:00 Intro
00:59 Why Does Compute Need Markets?
08:53 Compute Still Trades In Group Chats
13:38 Why Finding GPUs Takes So Long
19:21 How Much Compute Should You Buy?
26:58 Why Are Compute Prices Rising?
33:27 Can Architect Take On CME?
38:13 How Do You Hedge Compute?
43:08 The Risks Behind GPU Lending
52:08 What Really Constrains The AI Market?
01:02:08 What Is Everyone Missing About Compute?
FOLLOW GUESTS
› Brett – https://x.com/BrettHarrison
› Architect – https://architect.co/
› Andrawes – https://x.com/andrawesbahou
› Compute Desk – https://www.compute-desk.com/
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EVENTS
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RESOURCES
› Learn more about Blockworks Agentic Detection:
https://blockworks.com/insights/introducing-agentic-detection-asset-monitoring-built-for-the-ai-era
DISCLAIMER
Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes. only. Any views expressedare opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.