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GOOGLE INVESTS $1 BILLION IN EXCHANGE GIANT CME, STRIKES CLOUD DEAL


TIE-UP GIVES GOOGLE’S CLOUD ARM A PRIZE CLIENT IN FINANCIAL SERVICES

How Cloud Computing Became a Big Tech Battleground
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How Cloud Computing Became a Big Tech Battleground

Big tech firms are investing in data centers as they compete for the $214
billion cloud computing market. In this video from 2019, WSJ explains what cloud
computing is, why big tech is betting big on future contracts.
By
Alexander Osipovich
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ALEXANDER OSIPOVICH

 * Biography
 * @aosipovich
 * alexander.osipovich@wsj.com

Updated Nov. 4, 2021 1:48 pm ET

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Alphabet Inc.’s Google has invested $1 billion in futures-exchange giant CME
Group Inc. and struck a deal to move the company’s core trading systems to the
cloud.

Under the deal, the technology giant’s Google Cloud unit would eventually power
markets that handle trillions of dollars in trades each day.

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