The 2010 Flash Crash: A Pivotal Moment in Responsible AI Governance

Exploring the 2010 Flash Crash, a significant event in financial markets history triggered by high-frequency trading algorithms. This incident underscores the need for robust AI governance, emphasizing the importance of safe and secure AI systems to prevent such harm. JOIN US to learn more about HISPI Project Cerebellum TAIM and our efforts towards enhancing trustworthy AI management.

Matched TAIM controls

Suggested mapping from embedding similarity (not a formal assessment). Browse all TAIM controls

GOVERN 6.2 — similarity 0.474, rank 1. TAIM detail and related incidents →
MANAGE 4.3 — similarity 0.471, rank 2. TAIM detail and related incidents →
MAP 3.2 — similarity 0.449, rank 3. TAIM detail and related incidents →

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.