BlackRock CEO Larry Fink Envisions Compute Futures as New Asset Class

BlackRock CEO Larry Fink has proposed the creation of a new asset class centered around raw computing power, suggesting that traders could eventually buy and sell futures contracts on compute, similar to existing markets for energy and agricultural commodities. Speaking at the Milken Institute in Beverly Hills, Fink highlighted the scarcity of compute resources, comparing them to fuel and grain. According to BeInCrypto, Fink emphasized the need for a derivatives market to hedge against capacity costs in AI infrastructure, as demand for chips, memory, and power continues to outpace supply. BlackRock is set to announce a partnership with a hyperscaler to further invest in AI infrastructure.