The Rise Of The Robots

 Typical ultra-fast extreme events caused by mobs of computer algorithms operating faster than humans

Typical ultrafast extreme events caused by mobs of computer algorithms operating faster than humans can react.

Read more at: http://phys.org/news/2013-09-sudden-global-ecology-interacting-robots.html#jCp

In this blog we have written of the future flash crashes of financial markets awaiting us, and the fact that, despite the obvious danger of the lack of human control, nothing is being seriously done to slow these systems down and return them to human control.

There is an obvious danger in being so beguiled by technology and the speed by which new things can be contrived and new revenue streams can be constrained to enrich the wealth holders. The danger is that no one is in a position to say, "No."

There is no one in a position to urge a slow approach, and to make sure that our creations do not turn against us... at least, not too horribly.

And turn they will.

It is in the nature of things.

Follow the link and read the article over and over until we understand the Brave New World that is being unleashed upon us.
http://phys.org/news/2013-09-sudden-global-ecology-interacting-robots.html

Recently, the global financial market experienced a series of computer glitches that abruptly brought operations to a halt. One reason for these "flash freezes" may be the sudden emergence of mobs of ultrafast robots, which trade on the global markets and operate at speeds beyond human capability, thus overwhelming the system. The appearance of this "ultrafast machine ecology" is documented in a new study published on September 11 in Nature Scientific Reports. 

The findings suggest that for time scales less than one second, the financial world makes a sudden transition into a cyber jungle inhabited by packs of aggressive trading algorithms. "These algorithms can operate so fast that humans are unable to participate in real time, and instead, an ultrafast ecology of robots rises up to take control," explains Neil Johnson, professor of physics in the College of Arts and Sciences at the University of Miami (UM), and corresponding author of the study.  

"Our findings show that, in this new world of ultrafast robot algorithms, the behavior of the market undergoes a fundamental and abrupt transition to another world where conventional market theories no longer apply," Johnson says...

Machines and algorithms can taken over and control our lives; they do not need to be what we consider intelligent:  they merely have to be a couple steps ahead of us!

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Recently, the global financial market experienced a series of computer glitches that abruptly brought operations to a halt. One reason for these "flash freezes" may be the sudden emergence of mobs of ultrafast robots, which trade on the global markets and operate at speeds beyond human capability, thus overwhelming the system. The appearance of this "ultrafast machine ecology" is documented in a new study published on September 11 in Nature Scientific Reports.

Read more at: http://phys.org/news/2013-09-sudden-global-ecology-interacting-robots.html#jCp

Recently, the global financial market experienced a series of computer glitches that abruptly brought operations to a halt. One reason for these "flash freezes" may be the sudden emergence of mobs of ultrafast robots, which trade on the global markets and operate at speeds beyond human capability, thus overwhelming the system. The appearance of this "ultrafast machine ecology" is documented in a new study published on September 11 in Nature Scientific Reports.

Read more at: http://phys.org/news/2013-09-sudden-global-ecology-interacting-robots.html#jCp