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Weapons of maths destruction

“The financial crisis was the biggest loss of wealth for the black community that we’ve ever seen". How big data increases inequality and threatens democracy. An interview.

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Leo Hollis (LH):  Thinking about your own story, the one that you talk about in Weapons of Math Destruction – you started off in academia studying maths, then went into the City, a fairly common move. But you were going into the hedge fund, into the quant world, until the financial crash. How did you first experience the crash?

Cathy O’Neil (C.O.): I actually walked into the crash. I left my professorship in June 2007, started a hedge fund, and in the summer, very soon after I came in – that was when the financial crisis started, from the perspective of people inside finance.