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. The chair will now recognize himself or five minutes or an Opening Statement area thank you all for joining us today for what should be avery interesting hearing of this task force. Today were looking at exploring how ai is being deployed at Capital Markets from automated trading to Portfolio Allocation to Investment Management decisions. Were going to co
Will go back to the auditorium at the Cato Institute for the 2019 cato surveillance conference. Senior fellow, thank you both to those watching at home for joining us. As i mentioned at the start of the conference we focused on issues of surveillance oversight and this years conference or this morning you heard about an array of institutions and entities and persons who work to oversee the secret use of intelligence collection. This ranges from the pfizer court to the inspectors general to government, billy office to the Intelligence Committee of congress and one of the newer and in many ways most publicly useful entities overseen the Intelligence Committee is the piracy and Civil Liberties oversight board. Its a number of valuable reports that have given us unique insights into the programs weve heard discussed earlier such as section 702 and section 215 the authority used for the phone records collection program. Im sure it will be a fascinating discussion so i will pass it off to ou
Started a Popular Uprising that led to millions marching in the streets of chile. We put together a holiday cover for you. What a year. We think this is one of the biggest stories of the year. It started with we work. Earlygazine covered very on even during ipo chatter. As that developed and went on and on, there was another story that we started to think about. One of the biggest investors in work. Did talkoftbank, we about it and what i love about this story is that you guys go into the layers. The visionary at softbank, especially the vision fund. A 100 billion dollar vc fund that can do a lot of things because it has so much money. Ways it can do that is to going to some thing like we work which is a Business Model that may not have been right for the long haul. They were very aggressive. Go big or go home. Some wins, other times it doesnt. And what this revealed was the fundre within the vision where there is a lot of tension. Its a big story. Another big story is businessweek tur
Fascinating stuff happening in the world of surveillance that can be covered in fully panels and we are always glad to have a lineup and smart focus to address that range of topics in our shorter flash talks and to begin the senior counsel and director of Freedom Technology and freedom, this is a time where we hear a lot about the goal of putting the first but surveillance based in this often creates friction with our allies when our surveillance goals conflict and im happy to welcome that from an international perspective. [applause] thank you and hello. I am with the center for democracy and technology, ww the cdt. Org. I want to talk about the applications of America First surveillance policy. When i say America First i mean americans first, the surveillance policy on the intelligence side of the equation discriminates in favor of americans and against foreigners in a dramatic way when it comes to surveillance that occurs outside the United States. Inside the United States it is rel
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