Intercontinental Exchange (ICE) and Ornn plan to launch GPU compute futures contracts aimed at providing pricing benchmarks and hedging tools for the rapidly growing AI compute market, the companies said Tuesday.

The cash-settled contracts will be based on Ornn's Compute Price Index, which tracks live GPU compute transaction prices across major hardware types used in AI workloads, the companies added.

Intercontinental Exchange said the new products aim to improve price discovery and risk management in the compute sector, which has become increasingly volatile as demand for AI infrastructure accelerates globally.

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