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Not AI, but similar sounding incident in Norway. Some traders found a way to exploit another company's trading bot at the Oslo Stock Exchange. The case went to
by kebman 10mo ago
Not AI, but similar sounding incident in Norway. Some traders found a way to exploit another company's trading bot at the Oslo Stock Exchange. The case went to court. And the court's ruling? "Make a better trading bot."
- Marazan 10mo agoI am so glad to read this. Last I had read on the case was that the traders were (outrageously) convicted of market manipulation: https://www.cnbc.com/2010/10/14/norwegians-convicted-for-outwitting-trading-robots.html https://www.cnbc.com/2010/10/14/norwegians-convicted-for-out... But you are right, they appealed and had their appeal upheld by the Supreme Courts: https://www.finextra.com/newsarticle/23677/norwegian-court-acquits-day-traders-in-algo-cracking-case https://www.finextra.com/newsarticle/23677/norwegian-court-a... I am so glad at the result.