At any time and without objections, members not on the task force are allowed to participate consistent with the committees practice. And this is entitled robots and ai and the impact of Artificial Intelligence on the Financial Service industry. Thank you all for joining us for what is an interesting hearing of the task force. Today, we are looking at exploring how a. I. Is being deployed in the Capital Markets from automated trading to port follow allocation 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 and rendering some jobs obsolete, and changing the skillset needed to service others. It is not an exaggeration today to say that wall street is quite literally run by computers and long gone are the days when the traders would be screaming on the floors of the new york stock exchange, and they would use t. I. Calculators and pour over the ticker tape to determine the companys value.
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
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
Lauren is this the jacket of the future that lets you answer phone calls . Fbn am starts right now. Train to a 5 01 a. M. In new york. Good morning. Im cheryl casone. Lauren good morning good lauren simonetti. Looks like a regular jean jacket if you ask me. Cheryl are they just put up with the sensors and i had at some point. Lauren breaking news. The latest gop double steal obamacare essentially of my supporter. Susan collins joining senator john mccain, rand paul and ted cruz saying no to the grahamcassidy bill after the Congressional Budget Office is millions of people would lose coverage under legislation. Train to adam shapiro with all the details. The future for the grahamcassidy bill seems to have been sealed and late monday when it seems to release it to your, essentially said that it would save 133 billion in Government Spending for roughly 10 years, that millions of people would lose insurance. Early in the day we heard from him at the bills cosponsors, senator Lindsey Graham