Silicon Data Secures $30 Million Series A to Establish GPU Rental Pricing Index

Silicon Data has raised $30 million in a Series A funding round to create a reference price for GPU rental and an index for Wall Street futures contracts. The company plans to launch compute futures trading on the CME on October 5th, pending regulatory approval. This initiative aims to address the lack of straightforward pricing for AI compute amidst significant investments in data centers and GPUs.