Editorial: Computing power is becoming the new currency – do we need a government reserve?
AI capacity is becoming a commodity, tradable like oil. This shifts the strategic focus to Germany's infrastructure. And that doesn't look good.
Nvidia CEO Jensen Huang has made a $500 billion deal with six major Wall Street firms. He plans to turn computing power into a tradable asset, with futures on chip rentals to be traded on the CME from October. This development has contributed to a significant surge in the global capital markets, with S&P-500 companies' profits increasing by 47% in the second quarter.
The trend is also visible in Germany, where suppliers of data centre equipment are benefiting from a construction boom. The growing importance of computing power has raised questions about the need for a strategic reserve of computing power and a national AI model in Germany.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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