September 29, 2025· 34 min

The King of Chicago Trading Wants to Build a GPU Market Bigger Than Oil

Don Wilson

Orality

Model

65%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(3,655 words)

M:29%

HostJoe Weisenthal(1,147 words)

M:29%

GuestDon Wilson(1,010 words)

M:29%

Oral Indicators

Agonistic30%

literally, completely, obviously

Engagement80%

you, our, your

Memory Aids100%

listen, so, now

Repetition100%

know (69x), your (62x), about (50x)

Parallelism77%

So have you heard the story ab..., So switch to Verizon Business,..., But just to begin with, why GP...

Sound Patterns100%

80 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases8%

you know what, i mean, believe it or not

Literate Indicators

Hedging9%

could, probably, maybe

Passive Voice5%

was recorded, was called, is called

Abstract Nouns18%

investment, prescription, medication

Subordination6%

because, although, whereas

Sentence Length27%

Avg: 11.7 words/sentence

Word Complexity48%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style20%

623 personal pronouns found

Descriptive Style86%

automatically, family, apply

Description

Don Wilson has built a career diving into some of trading’s thorniest problems, including figuring out ways to trade new and niche markets. Now, the founder and CEO of DRW has his sights set on the GPUs powering AI, which he thinks could end up being a bigger market than crude oil. In this episode, which was recorded live onstage at our show in Chicago, we talk about how such a market would work, including ways to ‘standardize’ the vast array of different types of semiconductors, and how this could change the capital stack of the industry. We also talk the evolution of trading over Don’s storied career and why he thinks most assets (and maybe even all of them) will be tokenized within the next five years. Read more: ASM International Cuts Outlook After Chip Demand Disappoints Taiwan Pauses South African Chip Export Curbs After Two Days Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots See omnystudio.com/listener for privacy information.

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