Right now, some of Wall Street's biggest institutions are testing a new technology that promises to change the way analysts model the markets, in the process eroding a massive competitive advantage possessed by perhaps only 10 of the industry's largest, most powerful hedge funds.
Powerhouse investment banks like Goldman Sachs and Morgan Stanley – along with titans of the fund management industry like Fidelity and Blackrock – are turning to the cloud to unlock powerful supercomputing capacity that will end their reliance on Microsoft Excel and give them the tools to compete with the "quants" that have taken over the business in the last decade.
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