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Stock-exchange traders are also in danger. Most trade today is already being managed by computer algorithms, which can process in a second more data than a human can in a year, and that can react to the data much faster than a human can blink. On 23 April 2013, Syrian hackers broke into Associated Press’s official Twitter account. At 13:07 they tweeted that the White House had been attacked and President Obama was hurt. Trade algorithms that constantly monitor newsfeeds reacted in no time, and began selling stocks like mad. The Dow Jones went into free fall, and within sixty seconds lost 150 points, equivalent to a loss of $136 billion! At 13:10 Associated Press clarified that the tweet was a hoax. The algorithms reversed gear, and by 13:13 the Dow Jones had recuperated almost all the losses.

Excerpted from Page “364” ‘Homo Deus’ by Yuval Noah Harari