The case for compute markets and compute indices begins with a growing imbalance: the ambition to scale AI depends on enormous commitments of capital, while the people financing that expansion face extreme market uncertainty. Building lasting AI infrastructure requires a better way to understand, price, and share that risk. Compute has become a strategic resource. Access to it shapes who can develop advanced AI, bring new products to market, and compete on a global stage. For companies and nations alike, securing reliable compute capacity is increasingly tied to economic opportunity and technological independence. The opportunity we are attacking is building the market infrastructure that allows more people to participate in AI’s expansion with confidence. That means giving a developer greater visibility into future compute costs, an operator a stronger basis for planning capacity, and a financier a clearer understanding of the exposure they are taking on. We have an opportunity to make the economics of compute more transparent and its risks more manageable. Doing so will support the next generation of AI infrastructure.