⚡️HUGE: CME GROUP TO LAUNCH COMPUTING POWER FUTURES MARKET
CME Group, the largest US derivatives exchange, is partnering with Silicon Data to build a futures market for computing power, as demand for AI infrastructure keeps rising.
CME CEO Terry Duffy said compute is becoming “the new oil of the 21st century,” positioning it as a fast-emerging asset class tied to the growth of the digital economy.
“Every AI model trained, every transaction cleared, and every byte of data processed runs on compute, which is becoming a fast-emerging asset class in its own right.”
🚨NEW: Blackrock CEO Larry Fink says surging demand for computing power could soon create an entirely new asset class centered around buying and selling compute futures.
⚡️HUGE: CME GROUP TO LAUNCH COMPUTING POWER FUTURES MARKET
CME Group, the largest US derivatives exchange, is partnering with Silicon Data to build a futures market for computing power, as demand for AI infrastructure keeps rising.
CME CEO Terry Duffy said compute is becoming “the new oil of the 21st century,” positioning it as a fast-emerging asset class tied to the growth of the digital economy.
“Every AI model trained, every transaction cleared, and every byte of data processed runs on compute, which is becoming a fast-emerging asset class in its own right.”
@RunOnFlux offers a long-known, stable solution to similar problems; if it is not applied, the question of incompetence or intentionality almost arises.
🚨COINBASE OUTAGE EXTENDS PAST 5 HOURS
Coinbase is still experiencing a major platform outage more than 5 hours after issues began.
The disruption comes as the company also reported a $394.1M Q1 net loss amid weaker crypto trading activity.
@thebitwhale FLUX would reach KDA's previous cycle's market cap peak at 10.3 USD! This is a very cautious price target considering the recent developments.