“The algorithms of Wall Street may be the cyber-equivalent of the 80s yuppie, but unlike their human counterparts, they don’t demand red braces, cigars and champagne. What they want is fast pipes. Spread Networks has been building one such fibre-optic connection, shaving three microseconds off the 825-mile (1327km) trading journey between Chicago and New York.” Source:>>>>
Kevin Slavin argues that we’re living in a world designed for — and increasingly controlled by — algorithms. In this riveting talk from TEDGlobal, he shows how these complex computer programs determine: espionage tactics, stock prices, movie scripts, and architecture. And he warns that we are writing code we can’t understand, with implications we can’t control.
We may regard the present state of the universe as the effect of its past and the cause of its future. An intellect which at a certain moment would know all forces that set nature in motion, and all positions of all items of which nature is composed, if this intellect were also vast enough to submit these data to analysis, it would embrace in a single formula the movements of the greatest bodies of the universe and those of the tiniest atom; for such an intellect nothing would be uncertain and the future just like the past would be present before its eyes.
—Pierre Simon Laplace, A Philosophical Essay on Probabilities