Everything You Need To Know About How Algorithms Are Controlling Our World

From businessinsider.com

In an insightful TED Talk, by tech entrepreneur Kevin Slavin on how algorithms have reached across industries (from finance to Hollywood) and into every day life (h/t dailymotion). Problem is, we may be building whole worlds we don't really understand, and can't control. One of our favorite quote: Algorithmic trading evolved because institutional traders had the same problems the U.S. Air force had, which is that they're moving these huge positions... and they're moving a million shares of something through the market, and if you do that all at once it's like playing poker and going all in, you ... (full story)