It takes less than 30 milliseconds to determine a web-user’s value to advertisers, apparently, which is either a marvel of engineering or a foreboding of a Kafkaesque future in which our lives are guided by all-knowing machines whose processes are beyond comprehension. Or both.
Or anyway, that’s the way The New York Times spins its Read More
The finance industry is in a race against science being waged with transatlantic cables and ever-tinier chips. A new paper authored by a team of physicists, engineers and industry data experts explores what Physics of Finance blogger Mark Buchanan calls the “approaching singularity.” Improvements in the technology behind high-speed trades is being measured in increments of “sub-seconds” and approaching the physical barrier of the speed of light which will, as the paper puts it, culminate in an “all-machine phase characterized by frequent black swan events with ultrafast durations.” Or, in Mr. Buchanan’s words, “likely lead to disaster.”