tech
How to turn compute into a financial asset
In 2014, as cloud computing was taking off, a group of German technologists and financial-platform operators had an idea. They launched the Deutsche Börse Cloud Exchange, on which firms could buy and sell spare access to computing power.
TL;DR
- New financial instruments are being created, backed by processing power.
- These instruments are being developed by entrepreneurs, exchange operators, and AI firms.
- An example from 2014 was the Deutsche Börse Cloud Exchange, which facilitated trading of spare computing power.