Capital Markets Infrastructure for Compute Traders
SF | NYC | London
Based in Switzerland
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Compute Desk CTO @SenorScience presciently wrote that "B300s at B200 prices is a free option" at the end of April.
The market hadn't priced in the fact that KimiK3 would come out, uniquely suited to work on B300s. We could have sold you an option to hedge that.
"If MoE keeps scaling, toward multi-trillion-parameter models with longer context, the per-card headroom matters even more".
Here's the original article:
computedesk.substack.com/p/b…
B300 prices have broken away from the pack, one-year contract rates up >$1/hour in the last 30 days while other models are flat. The compute capacity block trades our customers have brought Architect this month are almost all B300/GB300 or VR. Few are asking for Hoppers at size.
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Thanks @Google for having @ComputeDesk × @NodalExchange. Hyperscalers can soon trade and hedge compute, stay tuned.
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Congratulations to @ronitrjain and Aarav on their seed round ! @ComputeDesk is proud to power GPU pricing indexes on @liquidcompute !
I’m excited to share that today @liquidcompute emerges from stealth with a $15 million seed round. We are announcing pending applications before the CFTC for Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) status to build the first regulated orderbook to trade both cash and physically settled contracts on compute.
The reality of compute is that it is heterogeneous and cannot be stored, functioning much like electricity rather than oil. Our approach focuses on developing a highly efficient short-term market to underpin a cash-settled derivatives layer, operating similarly to PJM or ERCOT sitting below liquid derivatives markets.
Over recent months, I’m also happy to announce that Liquid Compute has collaborated with leading financial firms like Susquehanna International Group, @BGCGroupInc and @wintermute_t to facilitate liquid OTC trading for AI startups, neocloud providers, and lenders.
This round was co-led by @chemistry and @FirstMarkCap , with participation from K8 Cap, Night Capital, @ufo_holdings, @TrueBridgeCP, Brainchild Holdings (@kalvepuri), @ycombinator, and angels such as Dmitry Balyasny, @taro_f , @JdotJdotF, Ethan Lin and others from companies like CoreWeave, Jane Street, OpenAI
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Along with @Architect_Fi we do EFP called Compute Connect, *as well as* cash-settled futures contracts based on our compute indexes !
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You can add another one to the list
Compute Desk is partnering with @NodalExchange to launch compute futures settled against our compute indexes.
With the compute world’s nexus to electricity and power, Nodal is an exceptional venue for AI infrastructure companies, hyperscalers and financial institutions looking to hedge or gain exposure to compute, power or the spread between them.
Reach out to @ComputeDesk to trade or hedge compute.
H/T @ForgashEmily Bloomberg: bloomberg.com/news/articles/…
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Compute Desk is partnering with @NodalExchange to launch compute futures settled against our compute indexes.
With the compute world’s nexus to electricity and power, Nodal is an exceptional venue for AI infrastructure companies, hyperscalers and financial institutions looking to hedge or gain exposure to compute, power or the spread between them.
Reach out to @ComputeDesk to trade or hedge compute.
H/T @ForgashEmily Bloomberg: bloomberg.com/news/articles/…
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Are you financing GPU infrastructure and looking for a backstop ? Get in touch to explore how we can structure one for you.
Nvidia’s GPU backstop deals are equivalent to writing put options at the residual floor and buying a smaller notional of call options at the same strike. If Nvidia could sell GPU rental price forwards or futures they could hedge the partial synthetic long.
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GPU prices differ NOT only because of different financial contracts. Even under the same type of contract a 30% spread or more still happens.
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Even with ~13 GW of new US power coming online for compute this year and more efficient models, the demand is still outpacing supply by a large margin.
Every one of our indices is up ~30%
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Every morning on a compute trading desk starts with working out which deals actually need you. With Compute Trader, your pipeline already knows: one's a contract away from closing, another's gone quiet for a week. Ask the agent what to chase, and whatever the deal needs gets done in the same thread.
Your desk's agent, in private beta: app.compute-desk.com
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Day 2 at @Ai4Conferences in Las Vegas. Yesterday's lines wrapped the hall; this morning the mainstage opened with Geoffrey Hinton. The Compute Desk team is here through Thursday. If you rent, sell, or price compute, come find us.
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Every print prices the same thing: a 1-year reserved contract, performance-normalized so different GPUs count in the same units. When the index moves, prices moved.
That's what lets a market mark deals to a number, hedge against it, and finance fleets on it. Licensed for financial instruments and available on Bloomberg terminals. Live daily: app.compute-desk.com
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