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In a groundbreaking move that could reshape how the world accesses and manages computing power, Auctionomics the globally recognized market design firm and OCX Group Inc., parent company of OneChronos, have announced a strategic partnership to create the world’s first financial market for GPU and compute capacity. This initiative is poised to establish the financial infrastructure needed to meet surging demand for AI compute over the next decade.
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At the core of this collaboration lies a shared ambition: to bring the tools of modern financial markets like forward pricing, risk mitigation, and real-time liquidity to an industry struggling to keep pace with AI’s exponential resource demands. The new marketplace will target a wide array of organizations—from data center investors and chip manufacturers to AI developers and power generators—who are all feeling the pressure of compute shortages and unpredictable costs.
Auctionomics, co-founded by Nobel Prize-winning economist Paul Milgrom and Dr. Silvia Console Battilana, is known for designing some of the most complex and impactful auctions in history. Their previous work has redefined industries from enabling television streaming through the FCC’s spectrum auction to solving allocation challenges in telecom, energy, and natural resources. Now, that expertise is being directed toward solving one of the most urgent problems in tech: the allocation and pricing of AI compute.
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Dr. Console Battilana described the compute market as having reached a level of scale and complexity that mirrors mature financial markets. “It’s no longer sufficient to rely on basic reservation systems or on-demand pricing. These models expose companies to volatility, inefficiencies, and major risk. We’re building a marketplace that brings transparency, stability, and long-term planning to how compute is bought and sold.”
This new exchange won’t look like a typical trading platform. Powered by OneChronos’ Smart Market technology, the platform will use advanced combinatorial auctions—sophisticated mathematical systems that can account for participants’ complex preferences across multiple assets. In practice, this means participants will be able to bid on bundles of compute, power, energy storage, and other resources based on their specific needs, unlocking synergies that traditional one-to-one markets simply can’t accommodate.
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Kelly Littlepage, CEO and co-founder of OneChronos, emphasized the transformative potential of this approach. “We’ve already proven that Smart Markets can change how equities are traded—surpassing $6.5 billion in daily volume. Now, we’re applying that same breakthrough to one of the fastest-growing and most underserved markets in the world: compute capacity. Working with Auctionomics allows us to bring this vision to life with the same precision and fairness that have defined their legacy.”
One of the most compelling aspects of this initiative is its potential to provide price certainty and capacity guarantees to buyers. In an environment where AI development timelines are tight and costs are skyrocketing, the ability to lock in compute resources for future delivery could become a game-changer. Additionally, the marketplace is designed to benefit not only enterprise buyers but also those on the energy side of compute—from data center operators managing volatile power prices to generators entering long-term power agreements.
Despite the complex mathematics under the hood, the system will be built with accessibility in mind. The trading platform will feature an intuitive interface that allows institutional users to engage with the market easily, regardless of their technical background. Built-in monitoring tools will ensure fair access and detect any signs of market manipulation—fostering trust and accountability in a brand-new asset class.
Ultimately, this partnership aims to provide the infrastructure for a more efficient and resilient global compute economy. With the demand for AI compute only expected to grow, the creation of a structured, transparent, and liquid market could mark the beginning of a new era—where compute is no longer a bottleneck but a tradable, hedgeable, and accessible resource.
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