In yesterday's New York Times, Ellen Ullman argued that we need artificial intelligence, not more testing, to prevent high-volume trading catastrophes like the one at Knight Capital. But artificially intelligent market watchers are an expensive and possibly unworkable solution. Instead, by collaborating on an open infrastructure for high-volume algorithmic trading, firms could reduce errors, improve stability, and possibly avoid expensive regulation.
In his keynote from the 28th Chaos Communication Congress last week, Cory Doctorow outlines the primary threat to software freedom in the 21st century: that as our lives become more dependent upon general-purpose computers, the attempts of industry and government to control computing will fundamentally endanger our personal liberty. Using the now-familiar history of digital rights management—its rise, its failure, and legislative efforts to enforce it—Cory illustrates how those threatened by technology will inevitably seek to cripple it. But the so-called copyright wars waged by content owners, he says, were only "a skirmish."
Public Safety is not a matter of Private Concern
In a recent article, Slate's Farhad Manjoo attempts to play down fears of faulty software in car braking systems as a potential cause of traffic accidents. Citing numerous studies which conclude that “the overwhelming reason we get in crashes is driver error,” Manjoo reasons that “the less driving people do, the fewer people will die on the roads.”
While it may certainly be true that most crashes occur because of intoxication, distraction, or driver fatigue, and that computer controlled cars may decrease driver error, Manjoo doesn't seem to see the obvious implication of his own assumptions -- “opaque” and “inherently buggy” software which could endanger public safety should be subject to review.
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