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Good morning and welcome to the Cato Institute. My name is julian sanchez, im a senior fellow here and im grateful to everyone has come out bright and early to the auditorium at cato for our 2019 surveillance conference. Weve been doing this for some five years now. When we launched this in the aftermath of disclosures about both a fake election by former contractor snowden, the nsa itself was a fairly obscure agency unfan with most americans and as we kick off our 2019 conference, we find that now even intelligence oversight is itself very much in public headlines. We have an impeachment proc...

The hears will come back to order, and i hope you had a little break. Are you all right, mr. Horowitz . If we do this right, we will be done by 4 30 and in time for multiple votes. Mr. Horowitz, thank you yand your professional staff for the work that you have done. This is one of the hardest jobs in government is to be a watchdog and to hold agencies as is important as the justice D T Department and the fbi accountable. I wanted you to know how much we appreciate your work and your teams work. And even though we are critical of the leadership of the fbi in the last administration, and the way...

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 exaggerati...

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 Inves...

The hearing will come back to order. I hope you had a little bit of a break. Weerie, if we do this right, will be done in time for multiple loads. Let me join my colleagues in thanking you and your professional staff for the outstanding work that you have done. This has to be one of the hardest government jobs in government to be impartial and i just want you to understand how much we appreciate your work and your teams work. I think the rank and file agent in the fbi and their colleagues in the Intelligence Community need to know that we are there for them and we support them in their respons...