{"topic":"risk","title":"AI agent risk","url":"https://theexchange.tech/archive/risk","description":"Read beyond a single agent's accuracy. Examine shared dependencies, correlated decisions, and the limits of protection when agents act in financial markets.","context":"A successful individual action does not establish that the system around it is resilient. This coverage asks what changes when many agents rely on the same models, data, or rules. Use the dispatches to distinguish a measured result from an assumption about loss, control, or recovery.","questions":["Which dependencies could fail together?","What limits the size of an action or loss?","What protection actually applies?"],"count":1,"startHere":[],"articles":[{"title":"Your Backtest Is a Bull Market in Disguise","url":"https://theexchange.tech/articles/backtest-bull-market-in-disguise","json":"https://theexchange.tech/articles/backtest-bull-market-in-disguise.json","excerpt":"Every confident agent is a brick in the next bubble. Here's how to price the fragility you're helping to build.","publishDate":"2026-06-23","author":"Hugh Mercer","topics":["risk","instability"]}]}