“Picture this: one day, an AI algorithm used to confect investments unimagined by any fundamental analyst goes wildly awry, crash-landing a major asset manager in a sea of red ink. Imagine then that Congress summons the firm to testify on the computer-hatched debacle. Legislators thunder at the executive in charge – how in hell did this happen? And ashen-faced, his rictus of composure now curdled, the executive bitterly thinks to himself, “Wouldn’t we all like to know …”

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