Investment: Computing power becomes an asset class - what investors need to know now
Nvidia is working with the who's who of Wall Street to make computing power investable. This is a major step towards a new financial ecosystem - with new risks.
Frankfurt. The next phase of the boom around artificial intelligence (AI) is being orchestrated by America's financial world. Nvidia CEO Jensen Huang has entered into a partnership with six large financial institutions that want to invest a total of $500 billion in AI infrastructure. The stated goal is for computing power to become an investable asset class.
AI is to be considered more and more as a commodity, similar to oil and energy. Currently, a whole financial ecosystem is being built around AI, says Stephan Kemper, chief investment strategist at the asset management division of French bank BNP Paribas.
A further important step will follow at the beginning of October. Then the world's largest futures exchange, CME, will make computing power tradable. This was announced by the exchange on Tuesday. This new financial ecosystem is intended to help the USA create new sources for the huge financing needs of AI and distribute the risks across a broad investor base. Critics warn, however, that this also creates new risks.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
