Part of the his is Financial Services industry. The chair will now recognize an elf for five minutes for opening statement. First off, thank you for joining us today for what should be a thisinteresting hearing of task force. Today were looking at exploring how a. I. Is being deployed in Capital Markets from automated Portfolio Allocation to Investment Management decisions. Were also going to consider how the use of this technology is changing the nature of work in rendering ervices, some jobs obsolete and changing the skill sets needed to excel in others. It would not be much of an exaggeration today to say that quite literally is run by computers. Of those are the days screaming on the new york stock pour ge and they would over the ticker statement and Financial Statements to gleam value. Into a companys i actually hear about those days from the limo driver who takes e back who used to be a floor trader on the merc. Today, floor trades are orders are d executed in microseconds. E. T.
S an hour and a half. The task force will now come to order. Without objection, the chairs authorized to declare a recess at any time without objection members of the full committee are authorized to participate in todays hearing consistent with the committees practice. This hearing is entitled robots on wall street, the impact of ai on jobs in the Financial Services industry. The chair will recognize himself for five minutes for an opening statement. Thank you all for joining us today for what should be a having interesting hearing of this task force. Were looking at exploring how ai is being deployed in Capital Markets from automated trading to Investment Management decisions. An e minutes for opening statement. First off, thank you for joining us today for what should be a thisinteresting hearing of task force. Today were looking at exploring how a. I. Is being deployed in Capital Markets from automated Portfolio Allocation to Investment Management decisions. Were also going to cons
[gavel] the committee will come to order. Today, our subcommittee is holding an oversight hearing on the federal aviation administration. Im very pleased to be joined by senator jack reed, the subcommittees Ranking Member, senator caputo is here right from the start, and im sure we will be jo im sure aspect of aviation in our country, including the safety of commercial airlines, general aviation, and cargo aircraft. Every day, faas air Traffic Controllers are responsible for more than 44,000 flights and 2. 7 Million Airline passengers across more than 29 million square miles of airspace. Over the last year, muchneeded attention has been focused on the crashes of lion air flight 610 and Ethiopian Air flight 302. Serious questions have been raised about the effectiveness of the faas regulatory framework. For the sake of the 346 victims and their families, we need to ensure that these accidents are thoroughly investigated, their causes identified, and their solutions implemented. Unfortun
[gavel] the committee will come to order. Today, our subcommittee is holding an oversight hearing on the federal aviation administration. Im very pleased to be joined by senator jack reed, the subcommittees Ranking Member, senator caputo is here right from the start, and im sure we will be joined by others. The faa is a 17 billion agency with 44,000 employees who are responsible for virtually every aspect of aviation in our country, including the safety of commercial airlines, general aviation, and cargo aircraft. Every day, faas air Traffic Controllers are responsible for more than 44,000 flights and 2. 7 Million Airline passengers across more than 29 million square miles of airspace. Over the last year, muchneeded attention has been focused on the crashes of lion air flight 610 and Ethiopian Air flight 302. Serious questions have been raised about the effectiveness of the faas regulatory framework. For the sake of the 346 victims and their families, we need to ensure that these accid
Today, our subcommittee is holding an oversight hearing on the federa the faa is a 17 billion agency with 44,000 employees who are responsible for virtually every aspect of aviation in our country, including the safety of commercial airlines, general aviation, and cargo aircraft. Every day, faas air Traffic Controllers are responsible for more than 44,000 flights and 2. 7 Million Airline passengers across more than 29 million square miles of airspace. Over the last year, muchneeded attention has been focused on the crashes of lion air flight 610 and Ethiopian Air flight 302. Serious questions have been raised about the effectiveness of the faas regulatory framework. For the sake of the 346 victims and their families, we need to ensure that these accidents are thoroughly investigated, their causes identified, and their solutions implemented. Unfortunately, at this point, we do not yet have the conclusive results of the two crash investigations and cannot say definitively why these terri