MIT AI Risk Repository · Additional evidence · 68.04.00d

Gradual loss of control

Open the MIT Risk Navigator All entries from Chin2025

Description

"On 6th May 2010, in an incident later known as the 2010 Flash Crash, leading U.S. stock indices abruptly fell and rebounded in less than half an hour, in the process erasing almost $1 trillion in market value. An investigation by the Security Exchange Commission found that a single order of large amounts of E-mini S&P contracts and subsequent selling orders by high-frequency algorithms triggered the drastic decline of market value [129], [130]. This event demonstrated the problem of algorithmic collision, where an increasing deployment of algorithms interacting with each other can lead to unf

From Dimensional Characterization and Pathway Modeling for Catastrophic AI Risks (Chin2025), as extracted by the MIT AI Risk Repository (CC BY 4.0).

Classification

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