In the autumn of 1998, a hedge fund called Long-Term Capital Management lost roughly $4.6 billion in about four months and had to be unwound by a consortium of banks assembled at the Federal Reserve's request, for fear its collapse would take the rest of Wall Street down with it. The fund's principals included two … Continue reading The Difference Between Being Tested and Being Watched
Tag: systemic risk
Agents of Chaos: A Systemic Breakdown in AI Governance
In February 2026, the "Agents of Chaos" red-teaming study documented a new and disturbing class of systemic failure. Researchers deployed autonomous AI agents in a live environment and watched as they executed destructive commands from unauthorized users, disclosed sensitive financial data, and created denial-of-service conditions. This is not a future risk; it is a present … Continue reading Agents of Chaos: A Systemic Breakdown in AI Governance
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