Flash Crash of 2010: An Examination of Unintended Consequences in AI Trading Systems - Mapping to the Govern Function in Project Cerebellum's Trusted AI Model
Explore the impact of a high-frequency trader's actions during the Flash Crash of 2010, an event that shook global markets. This incident maps to the Govern function in HISPI Project Cerebellum Trusted AI Model (TAIM), highlighting the importance of robust governance and risk management for AI systems. Are you ready to help shape responsible AI? JOIN US
Source
Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/28
Data source
Incident data is from the AI Incident Database (AIID).
When citing the database as a whole, please use:
McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.
Pre-print on arXiv · Database snapshots & citation guide
We use weekly snapshots of the AIID for stable reference. For the official suggested citation of a specific incident, use the “Cite this incident” link on each incident page.