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Next, financial analysts review the impact of Artificial Intelligence on Capital Markets. House Financial Services subcommittee examined ais impact on minorities. Cyber security measures, encouraging more young people to Study Technology and how the us can remainglobally competitive. The task force will come to order. Without objection the chair is authorized todeclare a recess at any time without objection. Members of the full committee not on this task force are authorized to participate in todays hearing. This hearing is entitled robust onwall street, the impact of ai on Capital Markets and jobs and the Financial Services industry. ....
Kind of governance how i conduct myself oftentimes and just my frame of mind. But today, im going to pick an image of the day and if you look at your screen, one of our shared with me, commissioner louis with me this image. And i think really set the tone and the state oimportance of why were here. And of course thesignificance of this panel. Now, this is a chinese book. For kindergartners. And circle even if you dont chinese, circled are two letters. Ai. Kindergarten, textbooks. Ai. The senator talk about us tooling ourselves and getting ready from grade school to grad school. Now were talking about kindergarten. Or even prek if were going to be keeping ahead and released a number onewhen it comes to ai. So i wanted to start with this image. Because again, its really for me othe urgency of why this commission was formed and why you think and know its so important that we are here today. And to explore the role of the aei workforce should play and how the government may recruit train e ....
[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from colorado is recognized for five minutes. The other coloradan. Thank you for repeating today. Thanks for your testimony today. I just want to lock one thing down where i i heard to make answers from your earlier. Ms. Maloney was kind of going through a list of regulators, and wanted to know if you would wait for their approval, and she went to a whole laundry list of them and your answer was, for the parts that apply yes, yes,e going to go and seek their approval. Her used the word seek their approval. Other times you said we will get their approval. So just from facebooks standpoint, are you willing to seek the approval or are you going to wait for the approval before anything is launched . Congressman, it is the latter. Thank you for the opportunity to clarify that. We are not going to launch anything until we get the approval. I also, if its okay, want to ....
Without objection the chair is authorized today declare a recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, Mark Zuckerberg. Facebooks plans to create a Digital Currency, libra, and a digital wallet raise many concerns relating to privacy, trading risk, discrimination, opportunities for diverse owned financial firms, National Securi ....