When we spoke to DRW&#x27;s Don Wilson last year, he talked about building out a GPU market that might be bigger than oil. Now, a year later, he is working with Carmen Li to do just that. Li is the CEO of two companies — Silicon Data and Compute Exchange (where she works alongside Wilson). The former company is building the index for GPU pricing while the latter is a spot marketplace for GPU procurement. Today&#x27;s episode — recorded at our live show at City Winery in New York — gets into how Li is building a whole new market for GPUs at her two companies. We talk about the challenge of standardizing compute, GPU price volatility, if used GPUs are like used cars, what goes into constructing a GPU index, and what it means to win the GPU lottery. Read more: Jane Street Plans New Data Center as Computing Power Runs Scarce SpaceX Inks $30 Billion Computing Power Deal With Google Only Bloomberg - Business News, Stock Markets, Finance, Breaking &amp; World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots Subscribe to the Odd Lots Newsletter Join the conversation: discord.gg/oddlots See omnystudio.com/listener for privacy information.

Carmen Li's Plan to Build a Futures Market for Compute

Odd Lots

# Full Transcript

**Podcast:** Odd Lots

## Participants

- **Tracey Alloway** (Bloomberg)
- **Joe Weisenthal** (Bloomberg)
- **Carmen Lee** (Compute Exchange / Silicon Data)

## Transcript

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Hello and welcome to another episode of the Odd Lots. I'm Tracey Alloway. And I'm Joe Weisenthal. So, Joe, we're still continuing our series recorded from the live show in New York. We had a bunch of great conversations. A couple of them were building off of discussions that we had had previously. And one of those discussions was in Chicago at another live show about six or seven months ago, back in October.

We spoke with Don Wilson of DRW about the trading environment, but also about his new venture. Right. And so his new venture is one that actually there's quite a bit of competition in and quite an excitement in. And it's essentially like, okay, GPUs, we know they're very important for the AI boom, et cetera.

The question is, can GPU capacity, which is scarce, can it become a tradable commodity such that I can buy futures to lock in my price of access to compute power? Could I r...

Carmen Li's Plan to Build a Futures Market for Compute

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Carmen Li's Plan to Build a Futures Market for Compute

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.