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Security

Submission + - Goldman in 1.5bn bail-out as computer model fails (computerworlduk.com)

Cheese Toasty writes: "A hi-tech hedge fund belonging to Goldman Sachs was so badly hit by last week's stockmarket turbulence that it lost over $1.5bn (£750m) of its value after the computer algorithms it was using for algorithmic trading failed to deal with the unpredictable markets. http://www.computerworlduk.com/management/it-busin ess/it-organisation/news/index.cfm?newsid=4586"
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Goldman in 1.5bn bail-out as computer model fails

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One good reason why computers can do more work than people is that they never have to stop and answer the phone.

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