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Stock impact report

CME Group, Google plan to create cloud region for AI-powered trading [Seeking Alpha]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Seeking Alpha
support a global trading market for futures and options, the companies announced Wednesday. Located in Aurora, Ill., the specialized platform "will enable a number of benefits for CME Group's clients, including expanded flexibility, strengthened operational efficiencies, and increased access to cloud services, and artificial intelligence capabilities, all of which will deepen the value proposition for market users around the globe," the companies said The location of the facility will allow existing CME Group clients to choose between existing connectivity options or the new private cloud. Google data cloud products and Vertex AI, a machine learning platform, will enable users to experiment and tests with models and forecasts created through generative AI. Construction is expected to begin this year. "Through our collaboration, we're harnessing the best of cloud computing, data analytics, and AI, while respecting the existing custom hardware requirements of market participants t Show less Read more
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