Startup bets that investors want to trade compute like a commodity

Ornn, a startup funded by Andreessen Horowitz, has secured $33 million to create a marketplace for trading computing power, akin to how oil is traded today. This move reflects a growing investor interest in commoditizing compute to make the costly process of AI development more manageable. By using futures contracts, similar to commodity markets, Ornn aims to stabilize prices for computing resources, potentially making AI development more efficient and sustainable. This development could revolutionize how compute resources are allocated, impacting everything from tech innovation to cost management in AI projects.