Google Acquires Manhattan Datacenter
Whatever financial firms’ policies when it comes to dealing with search giant Google, things are almost certainly about to change. According to various media reports, the Mountain View, Calif.-headquartered behemoth has acquired the complete city block of 111 8th Avenue in Manhattan for a reported $1.8 billion. The monstrous real estate deal is expected to close by the end of the year.
SST Analysis:
For a company known for building bleeding-edge datacenters from scratch, acquiring one of the largest datacenter hosting facilities in Manhattan is huge. Google remains mum on its plans for its purchase, but it's doubtful that the vendor decided to buy it just to eliminate renting space in the facility.
One possible investment Google could make is bringing a portion of its cloud offering closer to clients based in Manhattan. However, speaking with a number of financial technologists, Google tends to fall down the list of preferred cloud providers since it requires applications to be built using Google architecture, which makes application portability to other clouds environments difficult.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
LLMs are making alternative datasets ‘fuzzy’
Waters Wrap: While large language models and generative/agentic AI offer an endless amount of opportunity, they are also exposing unforeseen risks and challenges.
Trading venues seen as easiest targets for Esma supervision
Platforms do not pose systemic risks for member states and are already subject to consistent rules.
Agentic AI takes center stage, bank tech projects, new funding rounds and more
The Waters Cooler: SEC hack investigation, FCA–Nvidia partnership, LTX BondGPT upgrade, and CDO problems are also in this week’s news round-up.
CDOs must deliver short-term wins ‘that people give a crap about’
The IMD Wrap: Why bother having a CDO when so many firms replace them so often? Some say CDOs should stop focusing on perfection, and focus instead on immediate deliverables that demonstrate value to the broader business.
Perceive, reason, act: Agentic AI, graph tech used to assess risk
Industry executive Jay Krish is experimenting with large language models to help PMs monitor for risk.
NY Fed Home Loans Bank spurns multi-cloud model
The cost and complexity of diversifying away from the big three providers outweighs concentration risks.
Citi close to launching GenAI investment tools
The new tech will be used to improve investment recommendations and increase cross-selling opportunities.
Overnight trading, a new dealer-to-client credit biz, so much AI, and more
The Waters Cooler: TP Icap acquires Neptune, Sterling launches overnight trading, and Thoma Bravo gets billions from investors in this week’s news round-up.
