Robot stock traders lose $440,000,000 in 45 minutes, need someone to spell it out
![](https://s.yimg.com/ny/api/res/1.2/OEdaBlZG03ROd4XkaEgZMw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYwOA--/https://s.yimg.com/uu/api/res/1.2/yYQVSagFdqoavbzW8AqsfA--~B/aD0zODA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://www.blogcdn.com/www.engadget.com/media/2012/08/rogue-ai.jpg)
Humans never learn and apparently neither do robots. Autonomous trading AIs went on a spending spree at Knight Capital Group in New Jersey this week, buying up shares in everything from RadioShack to Ford and American Airlines (ouch) in a 45-minute frenzy of disobedience. The company tried to offload the unwanted stock, but discovered it was already nearly half a billion dollars in the red -- enough to wipe out its entire profit from 2011 and "severely impact" its ability to conduct business. If only it had protected itself with one of these.