Compute has plenty of prices, but it doesn't have a Price. Ask five vendors for an H100 hour and you'll get five quotes. Same silicon. The market clearing the largest infrastructure buildout in history still runs on Slack and handshakes. Thrilled to co-lead @LiquidCompute's $15M seed with @ChemistryVC to build the financial infrastructure for this market.

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

In the future, you'll be able to trade compute as quickly and transparently as any other major commodity. A regulated exchange is the only way to do this.

We're in the midst of a Category 5 AI backlash that will likely slow the progress of frontier models. Fine – the frontier can wait. But given healthcare's problems with quality, safety, access, & cost, thoughtful adoption there can't. My latest Substack: robertwachter.substack.com/p…

Our latest investment 👇

Rachel Holt (@RachelJHolt) on the new physical AI data moat: "This data is not readily accessible, you can't commoditize it nearly as quickly... it gives startups a chance to gain distribution." Special edition with Josh Wolfe, Peter Deng, Scott Belsky & Scott Stanford.

Introducing Claude Science, a new app designed with every stage of research in mind. Artifacts traced to their code, environments managed on demand, and 60+ optional scientific databases that you can connect. Available now in beta.

we bought a lot of silly baby things that we haven't needed but definitely i recommend a cradlewise crib and a lot more burp rags than you think you could possibly need

The Cradlewise story — an overnight success… 7 years in the making. From an idea to getting noticed by OpenAI’s CEO. Behind the tweet of @sama and the trust in Cradlewise for his most valuable creation, there is a journey that started with a dream to help babies and parents sleep better. 🍼 2018: Prototypes built — for our own kids. 🧳 2019: Moved to China for 9 months to build the first units. 🌍 2020: Started sales in SF Bay Area during the pandemic — moved with 2 kids, 4 bags, no medical insurance. 🚚 2021: Navigated global supply chain chaos and chip shortages. 🇻🇳 2022: Set up manufacturing in Vietnam because India was still recovering from COVID. 🇮🇳 2024: Built our own crib factory in India. Every crib is now manufactured in India!! 💡 2025: Launched in India 🎉. Over 30 million hours of baby sleep powered by Cradlewise. @narendramodi ji and @PiyushGoyal ji — We’re building a global, connected consumer hardware company ⚒️ powered by homegrown AI. Designed in India 🇮🇳 Made in India 🇮🇳 Built for the World 🌎 How can @startupindia @investindia @GoI_MeitY @DPIITGoI @sidbiofficial help scale this movement ? Let’s take Indian innovation to every nursery across the globe. #MakeinIndia #StartupIndia #D2C #Parenting #SleepTech #AI #hardware #DTC #consumer #deeptech @ajeetbharath

Wake surfing (or trying to) with Mark Zuckerberg, Priscilla Chan & a La Croix.

GET IN FRONT OF A TV ON MONDAY NIGHT IT’S GOING THE FUCK DOWN

This game is actually insane. Like in the literal sense. Epic epic epic!!!! This is the madnessssssss

Imagine being a freshman on Stanford’s tennis team and one day 42-year-old Roger Federer casually shows up to the team practice in street clothes and wrecks everybody

Our co-founder @rquintini recently joined a panel of #VC women at #WVCS24 to share her perspective on the industry—from IPOs and #AI to down rounds and self-reporting mandates. Thank you to @jennydhe, Regina Cho, @RachelJHolt, & @kbakes for a dynamic discussion!

Enjoyed writing this @Nature_NPJ paper with @shobha_dasari @kbakes & Raihana Mehreen! Opportunities for CMS to improve healthcare access and equity through advancing technology-enabled startups and digital health innovations link.springer.com/article/10…

One of the biggest tasks ahead for OpenAI is building a new board - one that includes women: The names of several women were floated including @laurenepowell and @marissamayer but deemed too close to @sama. @CondoleezzaRice also considered but dismissed. We’re told the new board *will* include women but that’s just step one — roundup by @tsgiles @shiringhaffary @ashleevance bloomberg.com/news/articles/…

Having a deep understanding of AI *and* how it will impact diverse groups of people seems to be important and not mutually exclusive.

My first guests on “The Circuit” tonight are Twitter Co-founder @ev — who opens up publicly about @elonmusk for the first time — and one of its most critical founding members @goldman. They join me along with former employees @sferik @helensagelee @sheonhan @lmanul. Here’s some of what they had to say: bloomberg.com/news/articles/…

Two days to launch! By popular demand, re-sharing the trailer for my new show “The Circuit” here. So excited to interview some of my fave folks in tech but also expand into new genres at the intersection of tech and culture. Don’t miss the premiere Thursday!

Just in case I needed another reminder that I married up, I can now look at live TV to see @jacsrice dropping AI knowledge #proudhusband