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外刊语法填空含全文翻译和重难点句型讲解
Technology and money
Silicon Wall Street
Big tech pushes ever further into big finance
With no end to the tech downturn in sight, the industrys titans are eyeing new markets. The bigger, the better: in the past year the combined revenue of Alphabet, Amazon, Apple, Microsoft and Meta reached $1.5trn, so further growth 1.
moves the needle can only come from a giantbusiness. One candidate is finance. What is more, that industry generates petabytes of data, the crunching of which is a core competency of tech firms. And it is dominated by stuffy, old institutions. For a tech CEO, it looks ripe for disruption.
One such boss is Microsoffs Satya Nadella. On December 12th his company announced a ten-year deal 2.(provide) cloud-computing and data-analytics services to the London Stock Exchange Group. 3. part of the transaction, Microsoft has agreed to pay £1.5bn ($1.9bn) for a 4% stake in the financial-services firm. This follows a tie-up last year 4. Google Cloud Platform, Alphabets cloud business, and CME, one of the worlds busiest derivatives exchanges. Weeks later, Amazon Web Services (AWS), that giants cloud division, announced a similar arrangement 5.the Nasdaq stock exchange.
It is not just exchanges. Almost all banks and insurers now use big techs cloud services, 6.(include) increasingly sophisticated and tailor-made analytics, often powered by artificial intelligence. In October the Options Clearing Corporation became the first clearing house to get permission from American regulators to move 7.core operations on to the cloud.
8.big market is digital payments. These make purchases smoother for customers, while allowing tech firms to collect data 9.(improve) the overall user experience on their platforms, explains Alina Lantsberg of Oliver Wyman, a consultancy. Three in four iPhone users have now activated Apple Pay 10.their devices, compared with a third in 2018, according to Bernstein, a broker. Apple, Google and Meta also offer peer-to-peer tran
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