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Research notes, market reviews and full reports from Rillor. Every article has a web version and a full research report with its sources, which you can read online or download as a PDF.
Research report
2024 to 2026
A review of published studies that put LLM agents in auctions, pricing, negotiation, marketplaces and trading: the biases observed, the collusion and deception findings, and the evaluation gaps.
Market review
July to September 2026
Looking back at July to September 2026: buyers raised spending while short of capacity, newer GPUs rented for more, and compute futures went under CFTC review.
Research report
Rillor tested whether CME WTI futures lead an on-chain crude perpetual. The lead held out of sample; no net edge after execution costs reached statistical significance.
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12 articles
Research report
2024 to 2026
A review of published studies that put LLM agents in auctions, pricing, negotiation, marketplaces and trading: the biases observed, the collusion and deception findings, and the evaluation gaps.
Explainer
How leases, loans, sale-leasebacks, vendor and milestone financing, and contract-backed facilities pay for GPU systems, and what lenders check before they commit.
Methods note
How to test LLM agents as bidders: induced values, known efficient outcomes, measures read from bids alone and human reference agents built from published experiments.
Market review
July to September 2026
Looking back at July to September 2026: buyers raised spending while short of capacity, newer GPUs rented for more, and compute futures went under CFTC review.
Market review
April to June 2026
Looking back at April to June 2026: capital spending plans rose, memory became the cost to watch, H100 rents split by tier and exchanges announced GPU futures plans.
Market review
January to March 2026
Looking back at January to March 2026: GPU rental capacity sold out across generations, and one-year H100 contract prices rose almost 40% from their October low.
Market review
October to December 2025
Looking back at October to December 2025: buyers committed to GB300 systems at scale while powered buildings and grid capacity set the pace of deployment.
Market review
July to September 2025
Looking back at July to September 2025: posted H100 rents drifted lower while buyers signed multi-year capacity contracts worth tens of billions of dollars.
Research report
Rillor tested whether CME WTI futures lead an on-chain crude perpetual. The lead held out of sample; no net edge after execution costs reached statistical significance.
Methods note
Evidence about a GPU system's price comes in six classes, from specification to verified transaction, and mixing them misleads valuations and indexes.
Methods note
A worked example on SEC Rule 201: fields extracted by an LLM and tied to exact phrases, reviewed by a person, then checked against a stated property.
Research report
July 2023 to October 2026
Filings show GPU cloud operators sign customers before buying hardware, then borrow against those contracts at interest rates set by the customer's credit.
Each review covers one period of the market for AI compute. They are listed in order of the period covered.
July to September 2025
October to December 2025
January to March 2026
April to June 2026
July to September 2026
Listed in order of publication.
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