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- Whether the activity of a giant computer is called “media,” “finance,” or something else, the end goal is to come up with schemes that transcend the usual connection between risk and reward. The operation of the best computers takes place at arm’s length, so that the owners don’t need to really understand what’s going on, and can take as little responsibility as possible. The financier, the social media site owner, or anyone else with a top computer is rarely held responsible for what goes on through that computer. All risk falls on those who are aggregated.
glitchinthematrix · 4240 days ago · link ·
An excellent example is the computers used in high frequency trading. Watch this video, and maybe it'll provide some more context on the article: https://www.youtube.com/watch?v=NYWrtvSCziQ