Silicon Data

Revolutionize compute markets through unparalleled data transparency, financial product innovation and market intelligence

[Silicon Data @Silicon_Data]

Our CEO @carmenli joined @daniburgz and @mattmiller1973 on @BloombergTV Open Interest today to discuss why we think it's time to bring GPU index futures to the physical AI compute market and the signal value of our newly launched Token Expenditures Index!
https://t.co/XCLA0UMwxe

[Silicon Data @Silicon_Data]

Interview of @carmenli CEO of @Silicon_Data and @computeexchange at Odd Lots Live with @tracyalloway and @TheStalwart. 🚀🔥

[Silicon Data @Silicon_Data]

There's a second quote from this interview we liked. We couldn't agree more! Our goal is exactly to become that new class of "financial entrepreneurs" to help bring about new and useful financial instrument that can help manage, appropriately distribute the risks and foster more optimal capital allocation, when the stakes are becoming so enormous and consequential at the national and global levels.

"But I believe we are approaching a really interesting time. We’ve never really talked about the quantum of money. I think that’s where we are right now. 2025 was just the proof of concept that data centers, energy and chips were all needed. In 2026 the market is starting to recognize that if this continues, $800B of capex from just the four large public companies, not to mention the private, that everyone who’s an investor is going to be concentrated in certain names, and we are gonna actually hit concentration limits. We are seeing this across the board, I think the spreads are gonna widen. I think really good entrepreneurs are going to end up in partnership with entrepreneurs of another type, those that are financial entrepreneurs, who help to democratize credit assets, hybrid equity and other types of things. I don’t think the imagination is going to stop at chips, data and energy."

[Silicon Data @Silicon_Data]

💯👏 You cannot make a clearer case for GPU futures and other compute-linked financial derivatives. Great interview! We are glad that someone has articulated so clearly why we saw the timely need for compute-linked new financial instruments, for which GPU futures are just the beginning!

“You have an entire ecosystem (venture capital) that has never been capital intensive. Now, for the first time, not only is it capital intensive, but it’s going to be on a scale that’s unimaginable because the amount of money that is going to be put into data centers, into chips, into robotics, into manufacturing, into defense, is every dollar since the invention of fire. That’s not going to be financed with equity, entirely, because it’s not efficient and the scale of it is not achievable. It’s going to have to be parceled out into various risks. That’s what we are seeing happen right now. If I look at the drivers of our business this year, it is data centers, it’s a massive amount of chip financing. And what we are doing is parceling out the risks. On the venture side, there’s the fundamental business underwrite. And then on the infrastructure side, things that are reusable, things that have hard asset value, are being offloaded through the credit markets, at the appropriate return and at the appropriate risk rating."

[David Haber @dhaber]

"Every dollar since the invention of fire" is going into this AI capex build out — and equity can’t fund it all.

Marc Rowan anticipates Wall Street & Silicon Valley teaming up much more frequently to fund this next tech supercycle.

[Steve Hou @stevehou]

Different data sources and methodologies are allowed to naturally disagree. Based on the 10s of thousands data points @Silicon_Data tracks and our methodology, we don't see any dramatic swings in GPU rental prices, which continue to modestly move upwards. Scarcity is the theme.