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Dave Friedman on X: "The compute market is interesting. The AI labs and hyperscalers can't get enough compute. They're all buying/leasing GPUs and using crazy financial structures/circular deals, etc. And Don Wilson and similar people are all saying 'compute is a commodity; this should all be" / X

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To view keyboard shortcuts, press question mark View keyboard shortcuts Home Explore Notifications Chat Grok Lists Bookmarks Communities Premium Profile More Post kristie! @kristiehuang Post See new posts Conversation Dave Friedman @friedmandave The compute market is interesting. The AI labs and hyperscalers can't get enough compute. They're all buying/leasing GPUs and using crazy financial structures/circular deals, etc. And Don Wilson and similar people are all saying 'compute is a commodity; this should all be hedged like oil.' Two different worlds. And GPUs are not fungible like barrels of oil....lots of basis risk to be resolved. But there's a lot of money flowing through, provides an incentive for someone to figure this out. 2:34 PM · Dec 2, 2025 · 83 Views 1 Post your reply Reply Relevant people Dave Friedman @friedmandave Following AI is a new industrial revolution, bounded by thermodynamics, powered by copper, concrete, and kilowatt-hours. http:// davefriedman.substack.

Dave Friedman @friedmandave The compute market is interesting. The AI labs and hyperscalers can't get enough compute. They're all buying/leasing GPUs and using crazy financial structures/circular deals, etc. And Don Wilson and similar people are all saying 'compute is a commodity; this should all be hedged like oil.' Two different worlds. And GPUs are not fungible like barrels of oil....lots of basis risk to be resolved. But there's a lot of money flowing through, provides an incentive for someone to figure this out. 7:34 PM · Dec 2, 2025 265 Views 1 0 1 2 0 2 2 0 2

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