$1.5 billion: The cost of cutting London-Tokyo latency by 60ms

ExtremeTech reports $1.5 billion: The cost of cutting London-Tokyo latency by 60ms "Starting this summer, a convoy of ice breakers and specially-adapted polar ice-rated cable laying ships will begin to lay the first ever trans-Arctic Ocean submarine fiber optic cables."

jwz really nails it:

"And this is what we call 'burying the lead':

The massive drop in latency is expected to supercharge algorithmic stock market trading, where a difference of a few milliseconds can gain (or lose) millions of dollars. It is for this reason that a new cable is currently being laid between the UK and US ---- it will cost $300 million and shave 'just' six milliseconds off the fastest link currently available.

And this is what we call 'some bullshit the PR flack could barely say with a straight face':

The lower latency will also be a boon to other technologies that hinge heavily on the internet, such as telemedicine (and teleconferencing) and education.

Because, you know, in some fantasy world, "telemedicine" is something that exists, and "education" is something that could mobilize a billion dollars."