The 2010 Flash Crash: Unveiling Its Roots and Strategies for Harm Prevention

In May 2010, the global financial markets experienced a dramatic event known as the Flash Crash. This article delves into its causes, emphasizing the role of high-speed algorithms and market fragilities. Learn how responsible AI governance, guardrails for AI, and safe and secure AI can help prevent similar incidents in the future. Join us through JOIN US to explore more about HISPI Project Cerebellum TAIM and its efforts in harm prevention.

Matched TAIM controls

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

GOVERN 6.2 — similarity 0.559, rank 1. TAIM detail and related incidents →
MANAGE 4.3 — similarity 0.559, rank 2. TAIM detail and related incidents →
MAP 3.2 — similarity 0.537, 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.