AI compute is the new oil–and needs a new market

The article suggests that AI computing power is becoming a valuable resource, akin to oil, and requires a new market to manage its supply and demand. The author argues that the current market for computing power is inefficient and not well-suited to handle the growing demand for AI computing. The article cites the example of the oil industry, which has a complex market with various players and prices that reflect the value of the resource. The author proposes that a similar market structure could be established for AI computing, with a focus on making the resource more accessible and affordable. The article also mentions the importance of developing new technologies to improve the efficiency of AI computing and reduce its environmental impact.