LIVE | House Committee grills Google, Nasdaq, Zillow on AI’s importance in finance services

Core Insights - The House Financial Services Committee is conducting a live hearing with executives from Google, Nasdaq, and Zillow regarding the increasing influence of AI in financial services [1] - The session is titled "From Principles to Policy: Enabling 21st Century AI Innovation in Financial Services" and focuses on the risks, regulatory gaps, and future implications of AI in finance [1] - There is a growing urgency to find a balance between innovation, consumer protection, and the stability of the financial system [1] Industry Implications - The hearing indicates a significant shift in how financial services are integrating AI technologies, highlighting the need for regulatory frameworks [1] - Executives from major companies are being scrutinized, suggesting that the industry is under pressure to address potential risks associated with AI [1] - The discussion reflects broader trends in the financial sector towards embracing technological advancements while ensuring safety and compliance [1]