Pantera Capital's Jay Yu: Compute Power May Evolve Into a Commodity Asset

Jay Yu, a junior partner at Pantera Capital, stated that compute power and data center spending have become a trillion-dollar category, yet GPU procurement remains largely inefficient. He predicts that compute power could become a commodity asset similar to electricity or oil within 5 to 10 years. The market is expected to adopt a structure similar to power grids, with NVIDIA (NVDA) acting as a central bank for compute.