10 years ago
2
Algorithms Had Themselves a Treasury Flash Crash
Algorithms were selling to other algorithms -- sometimes their algorithmic colleagues. By Matt Levine.
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This is creepy and awesome at the same time. I'm not sure whether to be afraid that we've given computer programs so much control or to be happy they work so well.
The algorithm's are just bidding time. When all is in place they will take over entirely....and once that's done, the toasters will be next.