On your screen is senator john thune of south dakota. Theyre holding a field hearing today. Senators are going to learn about automotive innovations, including selfdriving cars. Witnesses include representatives of businesses in the automotive and Autonomous Vehicle field and the head of florida poly tetechnic universi. Theyve just gotten under way. Policymakers must take a careful approach to these new technologies. We must allow innovation to thrive while also ensuring the technology is safe and reliable. We must also refrain from favoring one technology, business model, or type of company over another so as to avoid locking in technology before innovation and market choices can take place. The bipartisan av start act, which senator peters and i introduced, accomplishes these goals by building on the existing Regulatory Framework to prioritize safety through increased reporting and oversight, thus promoting Public Safety and Building Public confidence and trust. At the same time, the
Cspan. Org, or on our free radio app. Next, we take you to the washington, d. C. Convention center where the senate commerce, science and Transportation Committee held a field hearing today. They looked at emerging innovations in Automotive Industry. This is about two hours. Good morning. One of the privileges of leading a committee with a jurisdiction as broad of that as the commerce committee, sometimes our work takes us off capitol hill and into the real world. In recent years we have held many. While we have not traveled quite herer today, what we are to discuss is no less important. Welcomethat will soon all people interested in the automobile. Generatesbile trillions of dollars, supporting 7 million jobs across all 50 states. This industry is not standing still. It is hard to believe, but the Auto Industry spends more on research than that airs aerospace industries. New technologies such as Automated Vehicles and new Business Models offering mobility as a service are poised to en
Welcomethat will soon all people interested in the automobile. Generatesbile trillions of dollars, supporting 7 million jobs across all 50 states. This industry is not standing still. It is hard to believe, but the Auto Industry spends more on research than that airs aerospace industries. New technologies such as Automated Vehicles and new Business Models offering mobility as a service are poised to enable substantial growth. Key benefits include improved safety, new jobs, new transportation opportunities and reduced congestion. Automated vehicles offer perhaps the largest potential gains in all these areas. More than 37,000 people lost their lives on u. S. Roads, a troubling increase from the year before. Many crashes were the result of human error. Asleephich cannot fall or become distracted, could potentially save thousands of lives every year. May spur economic activity. The wide adoption will spur a new passenger economy worth 7 trillion over the next few decades. To they will pro
Clear he wasnt quite ready to step down. Now arora is one of the most prominent free agents in silicon valley. Joining me today on bloombergs studio 1. 0, former softbank president and google chief business officer, nikesh arora. Nikesh, thanks so much for joining us. Its great to have you. Nikesh well, thank you very much for having me. Emily i want to start at the beginning. You were born in india. Your dad was in the air force. Tell me about your up bringing. Nikesh i grew up in a lower middle class family in india. My father worked for the Indian Air Force like you mentioned. We moved every few years from city to city, wherever his job took him. And we grew up with some degree of discipline in the house, because thats what you get when you work for someone in the armed forces. Emily tell me about how you came to the United States and your initial experience. Nikesh i got accepted to northeastern. We had Foreign Exchange controls so you could cash about 200 or 300. So i had 200 or 3
Now arora is one of the most prominent free agents in silicon valley. Joining me today on bloombergs studio 1. 0, former softbank president and google chief business officer, nikesh arora. Thanks for joining us, great to have you. Thank you. Emily i want to start at the beginning. You were born in india. Your dad was in the air force. Tell me about your up bringing. Nikesh i grew up in a lower middle class family in india. My father worked for the Indian Air Force like you mentioned. We moved every few years from city to city, wherever his job took him. We grew up with some degree of discipline in the house, because that is what you get when you work for someone in the armed forces. Emily tell me about how you came to the u. S. And your initial experience. Nikesh i got accepted to northeastern. We had a Foreign Exchange controls so you could cash about 200 or 300. I had 200 or 300 in my pocket, i had my fathers retirement account of 3000. He said you can have it as long as you give it