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

 

US ex-cardinal Theodore McCarrick defrocked over abuse claims (16 Feb 2019)

 

Nigeria election 2019: Appeal for calm after shock delay (16 Feb 2019)

 

Islamic State: 'Thousands of civilians' still trapped in Baghuz (16 Feb 2019)

 

Aurora shooting: Five killed by sacked man at Illinois firm (16 Feb 2019)

 

Bruno Ganz, who played Hitler in Downfall, dies aged 77 (16 Feb 2019)

 

Ligue du LOL: Secret boys’ club cyber-bullying shakes French media (16 Feb 2019)

 

Mexico border wall: Trump faces fight in the courts (16 Feb 2019)

 

Zimbabwe flooding: Nine rescued from Kadoma mine shaft (16 Feb 2019)

 

Short bursts of intense exercise 'better for weight loss' (16 Feb 2019)

 

UK minister's visit to China not going ahead (16 Feb 2019)

more »

 

SF Gate

 

When the windshield helps drive the car, a repair isn’t so simple (16 Feb 2019)

 

3 months’ salary for an engagement ring? For most, it’s more like two weeks (16 Feb 2019)

 

Investors face taxes for funds that fell in 2018 (16 Feb 2019)

 

Supercars even a mere millionaire can afford (16 Feb 2019)

 

British economy falters as Brexit looms. Amsterdam sees risks, opportunity (16 Feb 2019)

 

Trump’s trade war leaves American whiskey on the rocks (16 Feb 2019)

more »


Site feed Updated: 2019-Feb-16 09:00