Congressional hearings an other important events throughout the day. Weekdays at 5 00 p. M. And 9 00 p. M. Eastern check with the washington today for a fastpaced report on story os they have day. Tell your smart speaker, play cspan radio. Cspan, powered by cable. Open a. I. C. E. O. Sam altman whose Company Created chatgpt was one of three experts to testify on oversthiefght swiftly developing technology as a Senate Judiciary subcommittee hearing mr. Altman stated that a. I. Could, quote, cause significant harm to the world. Heres the rest of that hearing. Welcome to the hearing of the privacy, technology, and the law subcommittee. I thank my partner in this effort, senator holly, Ranking Member, and senator durbin, he will be speaking shortly. This hearing is on the oversight of Artificial Intelligence, the first in a series of hearings intended to write the rules of a. I. Our goal is to demystify and hold accountable those new technologies to avoid some of the mistakes of the past.
Democracy. Watch video on demand any time online at cspan. Org. And try our points of interest feature, a timeline tool that uses markers to quickly guide you to news worthy and interesting highlights of our coverage. Use points of interest any time online at cspan. Org. Michael cn official at the Government Accountability office, testifies on his agencys review of now Michael Clements testifies on his agencys review of the Signature Bank and Silicon Valley bank collapses. This runs about 90 minutes. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. I would like to take five minute heres for mr. Huizenga i would like to take five minute heres far brief opening state. Congressional oversight is a Constitutional Authority used to maintain the well being of our system of government. This is a lesson i learned from my fellow congress sorry surt the timer going. There we go. This lesson of oversight was so
Thursday morning on cspan or on cspan now free mobile app up or discussion with your phone calls, Facebook Comments Text Messages and tweets. Bank executive from Silicon Valley bank, Signature Bank, and First Republic bank testified on the recent failures of joint subcommittee hearing. Rapid growth, Digital Assets and rapid deposit withdrawals were contributing factors that led to the collapse of the respective institutions. All makers asked about executive compensation and Risk Management. [background noises] Mike Emmanuel come to order. Joint subcommittee is titled continued oversight over Regional Bank failures. That objection all members will have five alleged days within which to submit extraneous materials to the chair for inclusion in the record. Without objection a chairs office to declare a racist of the committee at any time. With that i now recognize myself for four minutes. Todays hearingng will help the Financial Services committee learn more about recent Bank Failures inc
Experience encompassing Systems Engineering Program Management sales and Marketing Technology research and Development Management and strategy formulation. He started his career as an Intelligence Officer in the night states are for us. Serving as the focal point for Space Situational Awareness Capability Development and air force Space Command space control division. He then joined boeing and worked with various programs as a system into nearing miniature within a boeing research and technology and phantom works with blood to positive element activities for the network and Space Systems division for the asia pacific region. Friday joining asked for scale, wrong lead of the space asia pacific sales of and hunnewell helping the company achieve significant sales growth and expansion is newmarket. Over half of rons career has been working and living japan. Hes an active member of the marine in command Field Foundation for u. S. Japan space forum. Ron . [applause] great, good afternoon, ev
Order. The joint subcommittee hearing is titled concern continued oversight on Regional Bank failures. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. Without objection, the chair is authorized to declare a recess of the committee at any time. With that, i now recognize myself for four minutes. Todays hearing will help the Financial Services committee learn more about recent Bank Failures, including management missteps, supervisory failures, and rapid fire bank runs in the age of social media. I think our witnesses for testifying today. The recent banking crisis was fueled by failed Bank Management, lack of hedges against Interest Rate risks, failed military policy, failed supervision, and overspending by the administration and democrats that led to historic inflation, prompting increased Monetary Policy action. Today, we will hear about what went wrong from the Bank Management themselves in state r