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Just like gold and oil, we’ll soon be able to trade AI token futures

TechCrunch · Thursday, May 28, 2026 · Category: Industry
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Just like gold and oil, we’ll soon be able to trade AI token futures

China's Shanghai Futures Exchange is developing a derivatives market specifically for AI tokens, joining CME Group and the Intercontinental Exchange in building infrastructure for trading AI-related financial products. The moves signal growing institutional interest in monetizing the rapidly expanding AI sector through traditional commodity-style futures contracts. GPU rental markets are already establishing price benchmarks across 28 marketplaces and cloud providers. According to data from AI Mining Co., Nvidia H100 GPUs traded between $1.40 and $4.27 per hour across 13 marketplaces, while H200 GPUs ranged from $2.34 to $5 per hour across 10 platforms. Over the past week alone, H100 average prices fluctuated between $2.79 and $3.33 per hour. Major AI companies have already standardized token-based pricing for enterprise customers. OpenAI's latest GPT-5.5 model costs $5 per million input tokens and $30 per million output tokens through its API. Amazon's Bedrock platform and other cloud providers are similarly denominating services in tokens rather than traditional compute units. This infrastructure push follows unprecedented investment in AI data centers, with cloud providers, private equity firms, and infrastructure players committing hundreds of billions to expand GPU capacity. New neocloud entrants are emerging to compete against established players like Oracle, AWS, and Google Cloud, with some specializing in inference services for AI companies.

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