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The Securities and Trade Commission’s report within the make any difference blamed substantial-frequency-investing algorithms unexpectedly partaking inside of a mindless “scorching potato” getting and offering of contracts forwards and backwards to one another.
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A “flash crash,” since the incident was referred to as, could seem quaint relative to what lies ahead. That’s mainly because, even amid every one of the AI hype, a looming part of the AI revolution is under-examined: “brokers.” Brokers are AIs that act independently on behalf of people. Since the 2010 flash crash confirmed, automatic bots are in use For many years.
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