<description>&lt;p data-renderer-start-pos="94"&gt;When we spoke to DRW's Don Wilson last year, he talked about building out a GPU market that might be bigger than oil. Now, a year later, he is working with Carmen Li to do just that. Li is the CEO of two companies &amp;mdash; Silicon Data and Compute Exchange (where she works alongside Wilson). The former company is building the index for GPU pricing while the latter is a spot marketplace for GPU procurement. Today's episode &amp;mdash; recorded at our live show at City Winery in New York &amp;mdash; gets into how Li is building a whole new market for GPUs at her two companies. We talk about the challenge of standardizing compute, GPU price volatility, if used GPUs are like used cars, what goes into constructing a GPU index, and what it means to win the GPU lottery.&lt;/p&gt; &lt;p data-renderer-start-pos="842"&gt;Read more:&lt;br&gt;&lt;a href="https://www.bloomberg.com/news/articles/2026-06-04/jane-street-plans-new-data-center-as-compute-power-runs-scarce?utm_medium=referral&amp;amp;utm_source=podcast&amp;amp;utm_campaign=odd_lots&amp;amp;utm_content=article" data-renderer-mark="true" data-is-router-link="false" data-testid="link-with-safety"&gt;Jane Street Plans New Data Center as Computing Power Runs Scarce&lt;/a&gt;&lt;br&gt;&lt;a href="https://www.bloomberg.com/news/articles/2026-06-05/google-buying-computing-from-spacex-in-920-million-a-month-deal?utm_medium=referral&amp;amp;utm_source=podcast&amp;amp;utm_campaign=odd_lots&amp;amp;utm_content=article" data-renderer-mark="true" data-is-router-link="false" data-testid="link-with-safety"&gt;SpaceX Inks $30 Billion Computing Power Deal With Google&lt;/a&gt;&lt;/p&gt; &lt;p data-renderer-start-pos="976"&gt;Only &lt;a href="http://bloomberg.com/" data-testid="inline-card-resolved-view"&gt;Bloomberg - Business News, Stock Markets, Finance, Breaking &amp;amp; World News&lt;/a&gt; subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at&amp;nbsp; &lt;a href="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast" data-renderer-mark="true" data-is-router-link="false" data-testid="link-with-safety"&gt;bloomberg.com/subscriptions/oddlots&lt;/a&gt;&lt;/p&gt; &lt;p data-renderer-start-pos="1148"&gt;&lt;a href="http://bloomberg.com/subscriptions/oddlots" data-renderer-mark="true" data-is-router-link="false" data-testid="link-with-safety"&gt;Subscribe to the Odd Lots Newsletter&lt;/a&gt;&lt;br&gt;&lt;strong data-renderer-mark="true"&gt;Join the conversation:&lt;/strong&gt; &lt;a href="https://discord.gg/oddlots" data-renderer-mark="true" data-is-router-link="false" data-testid="link-with-safety"&gt;discord.gg/oddlots&lt;/a&gt;&lt;/p&gt;&lt;p&gt;See &lt;a href="https://omnystudio.com/listener"&gt;omnystudio.com/listener&lt;/a&gt; for privacy information.&lt;/p&gt;</description>

Odd Lots

Bloomberg

Carmen Li's Plan to Build a Futures Market for Compute

JUN 15, 202632 MIN
Odd Lots

Carmen Li's Plan to Build a Futures Market for Compute

JUN 15, 202632 MIN

Description

When we spoke to DRW's Don Wilson last year, he talked about building out a GPU market that might be bigger than oil. Now, a year later, he is working with Carmen Li to do just that. Li is the CEO of two companies — Silicon Data and Compute Exchange (where she works alongside Wilson). The former company is building the index for GPU pricing while the latter is a spot marketplace for GPU procurement. Today's episode — recorded at our live show at City Winery in New York — gets into how Li is building a whole new market for GPUs at her two companies. We talk about the challenge of standardizing compute, GPU price volatility, if used GPUs are like used cars, what goes into constructing a GPU index, and what it means to win the GPU lottery. Read more:Jane Street Plans New Data Center as Computing Power Runs ScarceSpaceX Inks $30 Billion Computing Power Deal With Google Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots Subscribe to the Odd Lots NewsletterJoin the conversation: discord.gg/oddlotsSee omnystudio.com/listener for privacy information.