He said it looked like pictures of nuclear explosions that he has seen on television.
"The algorithms are the same for optimizing nuclear explosions and financial portfolios, " says IBM's Snir.
In 1958 Edward Teller, a creator of the hydrogen bomb, suggested using nuclear explosions to dig a harbor near Cape Thompson, Alaska.
Now, every morning, an IBM supercomputer at the bank's New York trading base runs its portfolio through Monte Carlo simulations of the sort developed to simulate nuclear explosions.
At the summit, the United States will sign accords on enhanced verification procedures sought by the Reagan Administration for the Threshold Test Ban Treaty and the Peaceful Nuclear Explosions Treaty of the 1970s as prerequisites to ratification by the U.S. Congress.
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Minister Mikhailov of the Russian Ministry of Atomic Energy has not been reluctant to proclaim what these high-performance computers will be used for, and he said in a speech in January they will be used to simulate nuclear explosions, and that the computers are, in his words, '10 times faster than any previously available in Russia.
With the Japanese government fully occupied with post-earthquake and tsunami efforts, including explosions at several nuclear power plants that have become an urgent worry, this self-organization is timely.
Solar stocks made a nice move Monday, propelled higher by a steady stream of alarming news about radiation leaks and explosions at various quake-damaged nuclear facilities in Japan.
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Iranian nuclear scientists have been assassinated and there have been mysterious explosions in the country.
There is still some doubt how comprehensive this treaty will be, since some of the nuclear-weapons states hold out for permitting a threshold of small explosions (equal to 500 tons of TNT or less).
The explosions were apparently the result of gases that are produced when nuclear fuel reaches extremely hot temperatures and begins to break down.
China froze all new nuclear power plant approvals on Wednesday so that safety standards can be reviewed following the explosions that leaked radioactive steam from Fukushima.
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As The Economist went to press, helicopters were dropping water to douse overheating nuclear fuel stored at the Fukushima Dai-ichi plant, where there have been explosions, fires and releases of radiation greater, it seems, than the Japanese authorities had admitted.
The earthquake launched a tsunami, which killed thousands, and knocked out the nuclear power plant at the Fukushima Dai-ichi nuclear power plant, about 140 miles northeast of Tokyo, setting off a series of explosions, fires and large radiation leaks at the facility.
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