Pluto

Today we reached a major regulatory milestone. Our applications to operate a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) have been deemed materially complete by the CFTC (publicly listed as PMEX Markets and PMEX Clearing). Compute is the defining commodity of our time, but while hundreds of billions flow into GPUs, the industry lacks a financial market to hedge that risk the way we do for oil, gold, or power. As the first regulated derivatives exchange for AI infrastructure, Pluto will lead the way in building the financial layer to price superintelligence.

The race for compute is driving the biggest data center buildout in history, and it's all still done by hand. For the past few months as a part of the YC S26 cohort, @apai253 and I have been tackling this problem. Today, we are excited to launch @ProprioRobotics. At Proprio, we are building the physical automation layer for data centers. Our robots assemble, maintain, and tear down server infrastructure, harvesting reusable components along the way to tackle material shortage. Welcome to the future!

full odd lots episode here: podcasts.apple.com/us/podcast/the…