Why the Future of AI May Run on a Commodity Contract
U.S. policy and derivatives trading expertise are converging to financialize GPU compute
I recently wrote about GPU futures, and a reader DM’d me a bunch of questions. This post addresses those questions. What follows explains how GPU futures might arrive and why various market participants would be interested in GPU futures.1
Editor’s note (added Aug 15th 2025): Since originally publishing this post, I have confirmed that the AI Action Plan …