The article seems to miss the point. In the current world where a high frequency trading algortihm has to make decisions in a milli second it doesn’t have time to run advanved artificial intelligence algorithms.
If you would slow down trading through some public policy more focus would move into complex AI algorithms instead of focus on fast algorithms.
Brin is full of the brown stuff here and he is making an emotional scare-mongering string-up-the-bastards argument in favor of a financial transaction tax.
I found at least one article relating to this from Brin.
http://davidbrin.blogspot.com/2011/12/gingrich-asimov-and-computer-trading.html
In my opinion here are two of the notable pieces of evidence he advances in that article:
1: The people involved are already spending billions of dollars on ways to get information processing slightly faster.
2: The people involved doesn’t significantly value ethics or tight control.
The article seems to miss the point. In the current world where a high frequency trading algortihm has to make decisions in a milli second it doesn’t have time to run advanved artificial intelligence algorithms.
If you would slow down trading through some public policy more focus would move into complex AI algorithms instead of focus on fast algorithms.
Brin is full of the brown stuff here and he is making an emotional scare-mongering string-up-the-bastards argument in favor of a financial transaction tax.
Care to present an argument rather than just insults?
There is nothing to argue against.
Brin’s post is a mindkilling political rant full of demagoguery and appeal to emotions.
Somebody may make a mindkilling political rant full of demagoguery and appeal to emotions about the Sun shining, but that doesn’t make it dark out.
It does not, but presenting a mindkilling political rant as evidence that the Sun is shining is… not the best of arguments.
If you want to claim that the evolution of HFT algorithms into Skynet is likely, please show relevant data and reasoning.