AI financialization of infrastructure is moving forward. In cooperation with the CME, the initials company Sil Data is promoting the landing of a futures contract based on the GPU calculator lease price, with the aim of enabling enterprises to manage their calculus cost fluctuations like oil flushing, agricultural products. The product was published in May and is still awaiting regulatory approval.
Why do you have to calculate futures?
Currently, most enterprises do not hold high-end GPUs directly, but rent them on demand through cloud service providers or the emerging neocloud platform. As AI's training and reasoning needs continue to rise, and the price volatility of a credit lease increases, it is difficult for the enterprise to lock in the budget in advance and for suppliers to judge the pace of procurement.
Against this background, Sil coins are issued n Data in an attempt to make calculus prices a standardized commodity. The idea is to provide AI developers, cloud service providers and financial institutions with a tradable tool to hedge future computing cost changes.
Price-dependent GPU benchmark index
The contract will be based on the GPU price index prepared by the Sil token n Data. The index tracks the hourly rent prices of specific chips by different service providers, with the goal of establishing a benchmark like WTI crude oil for the computing market.
However, calculus standardization is significantly more difficult than traditional bulk commodities. In the case of Weeda H100, for example, there are dozens of configuration differences in the same chip, and prices can be influenced by the processor version, memory, network bandwidth, usage and location of data centres.
The Sil token issued n Data indicates that it is done by consolidating the offers on the platform into the base version of the H100 standard configuration and then indexing. This step determines whether the benchmark price is acceptable to the market and is a central part of the design of the contract.
Regulatory approval is the first threshold.
The United States Commodity Futures Trading Commission (CFTC) will review contract specifications, settlement procedures and the construction of benchmark indices. Market concerns are whether regulators accept that “calculations” can be clearly defined as the subject of standardized transactions.
Proponents believe that, once established, futures markets, in addition to businesses with real needs, can attract marketers and speculative capital and help to improve liquidity and price discovery efficiency. Opponents are concerned that speculative transactions may exacerbate price volatility and divert prices from real supply and demand.
Additional information:According to the report, SpaceX quoted GPU rental price data from Sil Data, a currency issuen, in its listing book, which showed that its benchmark system was beginning to enter the official business documents.