The Case for Compute Markets—and Against a Compute Dollar

The Case for Compute Markets—and Against a Compute Dollar

By Peter C. Earle, Director of Economics and Economic Freedom, Senior Research Fellow, American Institute for Economic Research Peter C. Earle The idea of “compute futures” or even a “compute dollar” has moved quickly from scifi to serious discussion, largely because artificial intelligence has turned compute into a critical economic input. Training and running large models now requires vast amounts of specialized hardware, energy, and infrastr…