AI Needs a Market for Compute, Just Like Oil

Plus, Tether’s valuation, doomed PE firms and more.

Traders work on the floor of the New York Stock Exchange in New York on Sept. 22. 

Photographer: Michael Nagle/Bloomberg

Welcome back to The Forecast from Bloomberg Weekend, where we help you think about the future — from next week to next decade.

This weekend we’re looking at compute as a tradable commodity. Plus, Tether’s big capital raise, the private equity doom loop and more.