Silicon Data and CME Group partner to create AI compute futures contracts

Silicon Data, a company that tracks pricing across cloud providers and GPU marketplaces, has partnered with CME Group to launch what could become the world's first futures contracts tied to the computational power needed to run AI

AI compute futures could eventually rival some of the world's largest commodity markets, Silicon Data's Carmen Li believes.

For decades, companies have turned to futures markets to manage uncertainty. Airlines hedge fuel costs. Farmers hedge crops. Manufacturers hedge metals.