Ornn
“Ornn AI Inc. — Building market infrastructure to treat GPU compute as a liquid, tradable commodity — Raises $33M Seed Round from a16z, Link Ventures, Vine Ventures, a16z crypto, Nordstar, SVAngel, BoxGroup.”
Source→“Investors increasingly want to trade compute like a commodity, betting it could make the historically expensive AI buildout more sustainable and efficient.”
Source→“Each new generation of Nvidia chips promises better price performance, which changes the value of older chips. Any benchmark has to chase a depreciating asset.”
Source→“Ornn, an Andreessen Horowitz-backed startup, raised a $33 million seed round to build a marketplace for trading the computing power that underpins today's AI boom, similar to what exists for oil traders.”
Source→“Ornn, an Andreessen Horowitz-backed startup, raised a $33 million seed round to build a marketplace for trading the computing power that underpins today's AI boom.”
Source→“His co-founder and CEO, Kush Bavaria, sees this as part of America's potential advantage over China and added that the company does not work with Chinese AI labs.”
Source→“Operators building compute-intensive products should watch CME and ICE futures launches closely — hedging tools could materially change how AI infrastructure costs are managed and budgeted.”
Source→“The Intercontinental Exchange plans GPU compute futures tied to Ornn's pricing index.”
Source→“a16z Crypto leading a round in Ornn (GPU/compute marketplace)”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.