Rounds Delivers Opening Remarks at Banking Hearing on AI 

Rounds Delivers Opening Remarks at Banking Hearing on AI 

WASHINGTON – U.S. Senator Mike Rounds (R-S.D.), a member of the Senate Committee on Banking, Housing, and Urban Affairs, delivered opening remarks at a committee hearing titled, “Artificial Intelligence in Financial Services.” Click HERE to listen to Rounds’ opening remarks.

“The U.S. continues to be the birthplace for new innovation in this field,” said Rounds in his opening remarks. “Congress should help shepherd the development of American AI – artificial intelligence that is embodied with key principles to promote confidence and trust – principles like privacy and transparency. We are at a crossroads. Artificial intelligence is real and it’s not going away. We have the opportunity to shape it in a way that reflects the values that are important to us. AI is a tool and it’s up to us whether we harness it to make improvements to our financial system or if we simply fall behind.”

2 thoughts on “Rounds Delivers Opening Remarks at Banking Hearing on AI ”

  1. thank you so much for being a leader on the cutting edge issues. it is sorely needed in this divided era.

  2. Do not think I want AI handling my accounts or banking. We did have a system that worked without digital dangers that was trusted. Computers are great tools but giving them autonomy is not worth the risk. AI is dependent on electricity to control it you unplug it.

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