What if AI's most valuable commodity isn't software—but the computing power that makes intelligence possible? In this episode, I sit down with Kush Bavaria, Co-Founder and CEO of Ornn, to discuss why AI compute is becoming the next global commodity and how financial markets are evolving to support it. Kush explains why GPU capacity should trade like oil or electricity, how derivatives and futures markets could reshape AI infrastructure, and why access to compute may become one of the defining competitive advantages of the next decade. We also explore data centers, energy constraints, AI capital markets, and what it takes to build a venture-backed company at just 22 years old.

Highlights:

• Why AI compute could become the world's next strategic commodity
• How Ornn is building a financial exchange for GPU capacity
• Why data centers need futures markets and price indices
• The growing importance of compute in the AI arms race
• Why energy, not capital, may become the biggest bottleneck for AI
• The investment opportunity behind data centers and AI infrastructure
• How America can maintain its competitive advantage in AI
• Building one of the fastest-growing AI infrastructure startups at age 22
• Why customer obsession has become Ornn's biggest competitive advantage
• Kush's biggest lesson about hiring and scaling a startup

Guest Bio:

Kush Bavaria is the Co-Founder and CEO of Ornn, an AI infrastructure company building the financial markets for compute. Backed by Andreessen Horowitz, Ornn creates standardized price indices, exchanges, and derivatives that allow GPU capacity to be bought, sold, and hedged like traditional commodities. The company helps data centers monetize future compute capacity while enabling AI companies, developers, hedge funds, and enterprises to access computing power more efficiently.

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Sponsor:

AlphaSense is the AI-powered market intelligence platform trusted by 85% of the S&P 100, helping investment professionals make faster, more confident, data-driven decisions. Built for hedge funds, asset allocators, private venture capital firms, and investment bankers, AlphaSense uses advanced AI and powerful search across premium proprietary content to surface the insights that matter most—before the market moves. Elevate your research and stay ahead of the competition. Visit https://www.alpha-sense.com/howiinvest/ to learn more.

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LinkedIn:https://www.linkedin.com/in/kush-bavaria/

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Disclaimer:

This podcast is for informational purposes only and does not constitute investment, financial, legal, or tax advice. Nothing in this episode should be interpreted as an offer to buy or sell any securities or to participate in any investment strategy. All opinions expressed by the host and guests are their own and do not represent the views of Weisburd Pierce. Participants may hold positions or have financial interests in the companies, funds, or investments discussed. Any references to specific investments are for illustrative purposes only. Investing involves risk, including the potential loss of capital. Past performance is not indicative of future results, and any forward-looking statements are subject to risks and uncertainties. Any third-party data or opinions have not been independently verified. Listeners should conduct their own research and consult their own advisors before making any investment decisions.

(0:00) Why Compute Could Become the World’s Most Important Commodity (0:47) The $7 Trillion Market Most Investors Still Don’t Understand (2:03) Why AI Compute Needs a Futures Market (4:13) The Five Layers of the AI Economy Explained (6:12) The Missing Compute Market Every AI Startup Needs (8:27) Is There Really a Data Center Bubble? (10:10) Why OpenAI Is Winning the Compute Race (12:36) Why Andreessen Backed a 22-Year-Old Founder (14:41) The AI Arms Race Between the U.S. and China (18:37) The Startup Lesson That Matters More Than Building Product