JP Morgan unveils Project Compute Backbone

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Let the other financial firms implement cute hand-holding Web services. JP Morgan Chase Investment Bank is offering its business units online access to raw computing power via an enterprise technology infrastructure, which pools the financial firm’s flexible processing resources for compute-intensive applications.

The project, code-named "Compute Backbone," is pioneering a grid computing project that combines an intelligent software layer with a "disposable computing" approach and innovative

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