Saturday, 4 August 2012

Robot stock traders lose $440,000,000 in forty-five minutes, need anyone to spell it out

Robot stock traders lose $440,000,000 in 45 minutes, need someone to spell it out

Humans never learn and apparently neither do robots. Autonomous buying and selling AIs continued a investing spree at Dark night Capital Group in Nj now, purchasing up shares in from RadioShack to Ford and American Air carriers (ouch) inside a 45-minute craze of disobedience. The organization attempted to offload the undesirable stock, but discovered it had been already up to 50 % a billion dollars at a negative balance -- enough to eliminate its entire make money from 2011 and "seriously impact" being able to work. If perhaps it had protected itself using these.

Filed under: Misc. Devices, Robots, Software

Robot stock traders lose $440,000,000 in forty-five minutes, need anyone to spell it initially made an appearance on Engadget on Comes to an end, 03 August 2012 10:02:00 EDT. Please visit our terms to be used of feeds.

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