The most expensive software bug in history...
Knight Capital lost $440M in 45 minutes from a software bug in 2012, destroying the firm.
This Fireship video covers the 2012 Knight Capital trading disaster as a cautionary tale about software fragility, briefly mentioning recent AI incidents (OpenAI benchmark cheating, Anthropic npm source map leak) only as framing. The core content is a historical case study about pre-AI systems failure, not an AI industry signal. Minimal value for an AI conference newsletter.