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. Were going to consider how the use of this technology is changing the nature of work in Financial Services, rendering 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 wall street is run by computers. I actually hear about those days from the limo driv
The task force will now come to order. Without objection the chairs authors to declare recess of the committee at any time without objection. Members of the full committee not on this task force are authors to participate in todays hearing consistent with the committees practice. This hearing is in title robots on wall street the impact on iaa ai on the financial. First off thank you all for joining us today for what should be a very interesting hearing of this task force. Today we are looking at scoring how ai is being deployed in Capital Markets from trading to portfolio allocations to Investment Management decisions. We are also going to consider how the use of this technology is changing the nature of work in Financial Services rendering 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 wall street quite literally is run by computers. Long gone are the days where traders would be screaming on the floo
The tv industry suffers its steepest drop in ad sales since 2009. What that means for streaming. First, our top story, the challenge to tmobiles sprint merger took shape in a courtroom on monday. The combination of 13 states and the district of columbia suing to stop the deal. With the latest, jennifer was in the courtroom. Day one, what is your big take away . Jennifer it started with a surprise because the judge said, we are not going to have opening statements. I read enough in the pretrial memoranda, lets go straight to the witnesses. That was a big surprise, particularly for the lawyers who spent a lot of time preparing those. The judge is really intent on getting this done in two weeks. This was part of that, getting things moving quickly. We got right into the first witness, basically got through 2. 5 for the day. Overall, the witnesses were pretty good. They were better than i thought they would be for the companies. There were some bad documents introduced with the first witne
Years, African Musicians have a long history of being recognized at the Grammy Awards for many different styles of music. But this year, for the 1st time ever, they have their very own category. And its dominated by nigerian afro beats. The genre caught the attention of the Recording Academy after exceeding 15000000000 streams on the music platform. Spot a 5. 0, is there a level of quality that we look at, but also Critical Mass of the amount of recording is being created and consumed . We know just looking at data, looking at, uh, streaming 5 platforms and other ways of analyzing it, that this music is very popular, is a ton of really talented people, making it. Its a highly creative people like the kingsman who are getting ready to record their own original attributes. Music. The blend of different gera is, you know, hip hop. So pop, classical music, jazz. But let me blend that and now have um the african sounds surrounding that. You know, its, its, thats kind of half or beat so you
I will welcome to you. This is all the international with the latest world news update is good to have you with us this our, our top story is ready for us is all continuing strikes on going to with the offices of humanitarian organizations. Now coming on the fire, the with it shows an explosion in the city of a hotel that has its members of international organizations, the u. An agency for Palestinian Refugees that said that 9 of its stuff have been killed in his wally as strikes and the by present society said its offices in garza, have been completely destroyed. Of the state of destruction in gaza is immense due to be as ready as strikes. Video footage, it shows the and k is transformed into massive mountains of level and fields of daybreak. Thousands of gauze of residents have been displaced. This is waiting strikes, demolished entire neighborhoods the somebodys could be seen carrying the babies from destroyed buildings. This television continues as a tax on palestinian settlements