Wall Street sets its sights on an AI futures market
There is growing demand for time with GPUs, the chips that power artificial intelligence. AI companies need those chips in order to keep their models up and running. And to do that, they can reserve time with a GPU. Now, there’s interest from Wall Street in creating a futures market for this AI compute time, essentially treating it like a commodity. Marketplace’s Stephanie Hughes spoke with Liz Hoffman, business and finance editor at Semafor and host of the “Compound Interest” podcast, who recently wrote about this.