Jump Trading’s Affaan Mustafa and Alejandro Soumah Fernandez used their October 14 AI Engineer talk to unpack privately negotiated compute contracts. One illustrative case—not an actual customer—raises $40 million, then owes a 30% deposit on a $100 million capacity commitment, leaving $10 million for the rest of the business. Demand grows unevenly while capacity arrives in blocks; financing, resale rights and workload compatibility matter alongside the quoted GPU-hour price. Talk and transcript, 20:26; livestream 3:22:23 covers commitments and 3:28:21 separates market roles.