Chip and win: Banks expand use of GPUs
As computational demands on banks have increased, some have turned to powerful graphics processing units, but these were initially applied at the transaction pricing level. Now, they are starting to cover portfolio valuations and other enterprise-level tasks. By Clive Davidson
The first recognised land speed record was set in 1898 by the Jeantaud Duc, a car that looked like a mechanical whale set on four big, spoked wheels – it clocked in at 63.15 kilometres an hour. The current record holder – a 16-metre-long monster that was essentially a jet fighter without wings – recorded a speed of 1,228 kilometres an hour. It took 99 years, the deaths of an estimated 35 drivers and a huge amount of ingenuity to achieve that 19-fold increase in speed.
Faced with the need to run
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