Such news stories really captured the headlines this weekend, but are Robots to blame for the Sterling Flash Crash on Friday?
This author of this article certainly thinks so. However, such glib analysis reveals a real lack of understanding of how such things work. Algorithms in 'Overdrive'? My Dad's MG-Roadster had an overdrive button - I doubt any Brexit sentiment-seeking algorithms have the same function.
Enter Imandra (www.imandra.ai) in the war of the machines. Named after a stunning region of North-Western Russia, they claim to have a breakthrough algorithm analysis technology which can scan algos in design and production.
So, if the Sterling Flash Crash was caused by an algo in overdrive, Imandra are offering an algo safety test.
Perhaps someone should invent the algo airbag?
One theory for sterling's sudden plunge during a thin market for trading is that an algorithm set to scan the news for negative Brexit stories went into overdrive, pushing other computerised trading systems to pile into the market.