Rise of the machines: has technology evolved beyond our control? | Books | The Guardian - 0 views
-
dr tech on 17 Jun 18"In October 2016, algorithms reacted to negative news headlines about Brexit negotiations by sending the pound down 6% against the dollar in under two minutes, before recovering almost immediately. Knowing which particular headline, or which particular algorithm, caused the crash is next to impossible. When one haywire algorithm started placing and cancelling orders that ate up 4% of all traffic in US stocks in October 2012, one commentator was moved to comment wryly that "the motive of the algorithm is still unclear"."