On November 20, 2025, trading algorithms identified what may become the largest accounting fraud in technology history—not in months or years, but in 18 hours.
  • watson@lemmy.worldEnglish
    197·
    17 days ago

    The rest of us knew it was a scam all along. and we didn’t need AI to figure that out.

      • Prove_your_argument@piefed.socialEnglish
        3·
        17 days ago

        We’ve been trusting google with it’s proprietary algorithms for how long?

        We also trust politicians, business leaders with PR teams crafting their every speech and press release…

        We also all trust Google, Apple, Microsoft and many other companies with all of our data and metadata. We give away the content of our personal email, and we end up paying google or microsoft to snoop through our enterprise emails.

        • trolololol@lemmy.worldEnglish
          13·
          17 days ago

          I don’t know what you call trust, but count me out mate.

          Just because there’s no option it’s not meant to say I can’t see the grift.

    • trolololol@lemmy.worldEnglish
      9·
      17 days ago

      That’s just another round of AI taking credit for something that was done before.

      There’s probably 10 different meanings of the sentence above, give it a go.

    • Fmstrat@lemmy.worldEnglish
      2·
      16 days ago

      While true, what actually happened was interesting. Algorithm’s are not inherently bad, afterall.

      At some point, someone wrote a rule to verify DSO against other tech companies, and trigger an automated short position to correct the market changed from an earnings call.

      To me, that’s pretty cool. This wasn’t magic LLM AI, this was a smart engineer that programmed a system to discover problems as they arose.