Sectors » Financial Services

Features

Shaking the HPC In-Memory Stack

Mar 3, 2014 |

Many who have been in HPC for a number of years will remember GridGain, the in-memory computing company that has found success at a number of commercial and academic high performance computing sites since its official launch in 2010—an effort backed with an initial $2.5 million investment, followed by another boost last year with a Read more…

Read more…

The Top Supercomputing Led Discoveries of 2013

Jan 2, 2014 |

2013 has been an incredible year for the entire ecosystem around supercomputing; from vendors pushing new technologies to boost performance, capacity, and programmability to researchers turning over new insights with fresh techniques. While exascale has taken more of a backseat than we might have predicted at the year’s end of 2010, there are plenty of Read more…

Read more…

Phi and Kepler Run Monte Carlo Race

Sep 18, 2013 |

This week we spoke with Jörg Lotze, CTO and cofounder of financial services-driven software firm, Xcelerit, about benchmarking accelerators, coprocessors, and multicore architectures with specific emphasis on how GPUs stack up against Intel Xeon Phi coprocessors. Lotze discussed the challenges and opportunities of each in the context of real-world Monte Carlo examples.

Read more…

Iceland Hosts Technology Trifecta

Jul 9, 2013 |

Cloud computing might well serve as a bridge between green and high performance computing, as top HPC management layers couple with known efficient datacenters, such as what happened when Datapipe and Verne Global formed a partnership in the middle of June that will bring the Stratosphere management platform to Verne’s Icelandic datacenter.

Read more…

Cray Cracks Commercial HPC Code

Jun 20, 2013 |

During a conversation this week with Cray CEO, Peter Ungaro, we learned that the company has managed to extend its reach into the enterprise HPC market quite dramatically–at least in supercomputing business terms. With steady growth into these markets, however, the focus on hardware versus the software side of certain problems for such users is….

Read more…

Short Takes

Watson Gets a Shot at the Banking Business

Mar 8, 2012 |

IBM and Citigroup introduce the Jeopardy-winning supercomputer to the financial industry.

Read more…

Insurance Companies Negotiate New Risks

Aug 22, 2011 |

Risk-averse industries are still considering clouds but security and availability concerns persist for mission-critical applications.

Read more…

IBM’s PERCS for Financial Services

May 23, 2011 |

An IBM representative informed Forbes that it financial services companies are interested in corporate PERCS.

Read more…

Finance Firms Latch onto GPU Computing

May 9, 2011 |

Turning the erstwhile graphics engine into a money-making machine.

Read more…

Intel Shipping 4.4 GHz Xeon CPUs

Mar 22, 2011 |

Super-fast server chips likely aimed at high frequency trading.

Read more…

Off the Wire

UT Austin Receives $13.7M NSF Grant

Jul 21, 2015 |

July 21 — A new cyberinfrastructure effort funded by a $13.7 million grant from the National Science Foundation will help engineers build safer structures that can better withstand natural hazards such as earthquakes and windstorms. The Cockrell School of Engineering at The University of Texas at Austin is leading the effort to build a software Read more…

Read more…

AMD Reports 2015 Second Quarter Results

Jul 17, 2015 |

SUNNYVALE, Calif., July 17 — AMD has announced revenue for the second quarter of 2015 of $942 million, operating loss of $137 million, and net loss of $181 million, or $0.23 per share. Non-GAAP operating loss was $87 million and non-GAAP net loss was $131 million, or $0.17 per share. “Strong sequential revenue growth in our EESC Read more…

Read more…

New Pilot Helps Small Businesses Tap ORNL Expertise

Jul 17, 2015 |

OAK RIDGE, Tenn. July 17 — Small companies in the advanced manufacturing, transportation and building sectors have a new opportunity to partner with the Department of Energy’s Oak Ridge National Laboratory. ORNL was among five national laboratories selected to participate in a new DOE small business voucher pilot that aims to connect small clean energy businesses Read more…

Read more…

Intel Reports Second Quarter 2015 Financial Results

Jul 17, 2015 |

SANTA CLARA, Calif., July 17 — Intel Corporation has reported second-quarter revenue of $13.2 billion, operating income of $2.9 billion, net income of $2.7 billion and EPS of 55 cents. The company generated approximately $3.4 billion in cash from operations, paid dividends of $1.1 billion, and used $697 million to repurchase 22 million shares of stock. Read more…

Read more…

Over $17M Worth of XSEDE NSF Computing Resources Allocated to Researchers

Jul 15, 2015 |

July 15 — At its June quarterly XSEDE Resource Allocations Committee (XRAC) review, a total of 341 million computing hours, valued at $17.05 million, were awarded to 138 deserving projects throughout the country for access to NSF-sponsored high-performance computing resources and services in the XSEDE environment. These awards for allocation will support fascinating investigations ranging from molecular bioscience Read more…

Read more…