November 30, 2009

EU Says Supercomputing Key To Predicting Future Recessions

Nicole Hemsoth

Can supercomputers out-forecast economists?

he European Union has announced the finalisation of a project designed to use supercomputing technology to create advanced financial models to help predict and prevent future financial crises. In a statement released this week, the European authority announced that it financed the supercomputing project to the tune of €2.5 million.

Full story at eWeek

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