tungwaiyip.info

home

about me

links

Blog

< May 2010 >
SuMoTuWeThFrSa
       1
2 3 4 5 6 7 8
9101112131415
16171819202122
23242526272829
3031     

past articles »

Click for San Francisco, California Forecast

San Francisco, USA

 

The Day When Machines Rule The World

Yesterday the U.S. stock market experienced a sudden and volatile fluctuation. Dow Jones index has briefly dropped by 10% during intraday trading. The main culprit seems not to be economic issue but suspect to be a glitch in trading. Apparently one trader has entered an exceptionally large trade by mistake, which set off all the automatic trading program to sell-off. There goes the market value.

Watching this episode I see a picture emerging. This is the day when machines begin to rule the world. For all the vigilance put in place after the computer induced 1987 market crash, we are still, or perhaps even more vulnerable due to more reliance on computers.

The conflict of man against machine seems like a sci-fi plot. But I think it is more realistic than most people think. The problem is we are looking for an anthropomorphous entity like HAL, an supercomputer that knows it all, have immense analytic power, and the most frightening part, it has a mind of its own. As far as I know I don't see anything like this on the horizon.

Instead there are countless software agents roaming the net, collecting information, building database, distributing information and in some case taking active roles like trading stock. This global computer network has developed immensely in the past 2 decades, impacting every aspect of our society. Mostly it makes our economy more efficient and keeping us better informed. But does the system also enslave us in some way? Are human truly in control of our destiny. Or are we at the mercy of the system?

I am imagining how the next computer glitch would look like. Think Google Calendar. One day it may suddenly 'recommend' a political rally event to all users, those logic that even its creator cannot explain. And our history may have changed as a result.

2010.05.07 [, ] - comments

 

 

blog comments powered by Disqus

past articles »

 

BBC News

 

Nxivm: Sex cult leader Raniere found guilty in New York (19 Jun 2019)

 

MH17: Four charged with shooting down plane over Ukraine (19 Jun 2019)

 

Rory Stewart out of race to be UK PM (19 Jun 2019)

 

Spy satellites reveal extent of Himalayan glacier loss (19 Jun 2019)

 

Slavery reparations hearing ignites fiery debate in Congress (19 Jun 2019)

 

Rugby-playing detective tackles intruder (19 Jun 2019)

 

Egypt Morsi TV gaffe puts spotlight on control of media (19 Jun 2019)

 

Manslaughter arrest over footballer Sala's death (19 Jun 2019)

 

Garissa University attack: Three convicted over Kenya massacre (19 Jun 2019)

 

Nicolas Sarkozy: Former French president loses bid to avoid bribery trial (19 Jun 2019)

more »

 

SF Gate

 

Desperation in France’s food delivery gig economy (18 Jun 2019)

 

The big question for the Fed this week: Did we make a mistake? (17 Jun 2019)

 

The US has its eye on Big Tech. Will criminal inquiries result? (17 Jun 2019)

 

The bias embedded in tech (17 Jun 2019)

 

Watch Tim Cook slam the tech industry in Stanford graduation commencement speech (17 Jun 2019)

 

Here’s what it’s like to work at Twitch, one of the hottest gaming companies in the U.S. (17 Jun 2019)

more »


Site feed Updated: 2019-Jun-19 15:00