CME Data Center Bolsters Backup Cooling After 10-Hour Outage

Norway’s $2.1 trillion sovereign wealth fund has expressed its support for Microsoft Corp. in a contentious case regarding the company's human rights vetting processes, highlighting the fund's commitment to ethical investment practices.

A cooling issue at the Chicago Mercantile Exchange (CME) led to a halt in futures and options trading, highlighting the critical role of data centers in modern infrastructure. These facilities support a wide range of activities, from financial trading to cloud storage for personal data.

A significant outage at the Chicago Mercantile Exchange (CME) was traced back to a private equity-owned data center, disrupting trading for over 10 hours and affecting global markets. This facility, located west of Chicago, handles an estimated $25 quadrillion in notional trade volume daily, highlighting its critical role in the financial ecosystem.

Marshall Wace, a stock-picking hedge fund, has announced that it will begin charging clients for the increasing costs associated with hiring and retaining technology, trading, and risk personnel, amid a competitive talent landscape. This decision reflects the ongoing challenges in attracting skilled professionals in the financial technology sector.

The emergence of AI shopping bots poses a significant challenge to Amazon's e-commerce dominance, as highlighted by Spencer Soper in Bloomberg Technology. These bots are designed to enhance consumer shopping experiences, potentially disrupting traditional online retail models.

Shares of US power companies have recently fallen after reaching all-time highs, driven by the initial excitement surrounding the artificial intelligence boom and its anticipated surge in electricity demand. Investors are now expressing impatience, signaling that they expect tangible results rather than mere promises.

Siemens Energy is approaching a valuation of €100 billion, recovering quickly from a recent market downturn attributed to concerns over an artificial intelligence bubble. This resurgence highlights the company's strong position in the European energy sector, particularly in AI-driven technologies.