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POPULAR NEWS
Gold futures end lower for session, cling to weekly gain

Gold futures prices settled fractionally lower Friday although maintained a weekly gain. A decline for the leading dollar index boosted the metal, with gains held in check by a rebound for the U.S. stock market. December gold fell $1.00, or 0.1%, to $1,229.10 an ounce. The contract was up nearly 0.6% for the week after trading as high as $1,231 earlier in the week, its loftiest since July, according to FactSet data. Marketwatch

Gold Set for Longest Run of Weekly Gains Since January

Gold is heading for a third straight week of gains, the longest stretch since January, amid renewed interest in the precious metal as a safe haven. Volatility in equity markets and tensions in the Middle East have spurred demand for bullion, with holdings in exchange-traded funds backed by the metal expanding to the highest level in more six weeks. Concerns about the economy were further fueled by a JPMorgan Chase model indicating that the chance of the U.S. tipping...

Mega Millions Lottery Jackpot Inching Toward $1 Billion

Americans have a chance -- a very slight chance -- when the Mega Millions lottery numbers are picked Friday night. The jackpot has been building since the last winning set of numbers was drawn in July and has climbed to an astounding $970 million and could exceed the billion-dollar mark by the time all tickets are sold. Meantime, the jackpot for another lottery called Powerball stands at $430 million for a lucky winner in Saturday™s drawing. The odds of winning either game are about 1 in...

Shanghai Stocks Rally after Supporting Remarks

Shanghai stocks rebounded from early losses to surge more than two percent Friday after top economic officials made rare coordinated statements aimed at shoring up investor confidence in the country's troubled markets. The benchmark Shanghai Composite Index jumped 2.58 percent, or 64.05 points, to 2,550.47 but it still finished the week 2.1 percent lower. The Shenzhen Composite Index, which tracks stocks on China's second exchange, also gained 2.58 percent, or 31.80 points, to 1,263.81 but...

European markets close flat as Brussels looks to reduce tensions with Italy

European stocks pared earlier losses on Friday after Europe's economy commissioner said no decision had yet been taken on Italy's controversial budget plan. The pan-European Stoxx 600 ended a shade lower, 0.06 percent down as Friday's closing bell rang. In terms of country performance, the FTSE 100 in the U.K., the Swiss SMI, Spain's IBEX were all higher, while France's CAC 40, Germany's DAX and Italy's FTSE MIB pared losses but finished lower. Auto stocks was the worst-performing sector...

Official: Trump Administration Will Allow AI to 'Freely Develop' in US
Wednesday, 16 May 2018 01:16 WIB | GLOBAL |Global

The Trump administration will not stand in the way of the development of artificial intelligence in the United States, a top official said on Thursday, while acknowledging that the burgeoning technology will displace some jobs.

At a White House summit that included companies like Alphabet's Google, Facebook and Amazon.com, technology policy adviser Michael Kratsios said the administration of President Donald Trump did not want to dictate "what is researched and developed."

"To the greatest degree possible, we will allow scientists and technologists to freely develop their next great inventions right here in the United States," he said, according to a copy of his remarks provided by the White House.

AI and deep machine learning raise ethical concerns about control, privacy, cybersecurity, and the future of work, companies and experts say.

Kratsios acknowledged that "to a certain degree, job displacement is inevitable."

He added: "But we can't sit idle, hoping eventually the market will sort it out. We must do what Americans have always done: adapt."

The White House, which has previously clashed with scientists over issues such as climate change, conservation and budget cuts, said it would create a new committee on AI. It will be comprised of the most senior research and development officials across the U.S government, tasked with looking at research and development (R&D) priorities and better coordinating federal investments.

"We cannot be passive. To realize the full potential of AI for the American people, it will require the combined efforts of industry, academia, and government," Kratsios said.

"In the private sector, we will not dictate what is researched and developed. Instead we will offer resources and the freedom to explore," he added.

Intel Corp.chief executive Brian Krzanich, who attended the summit, said in a blog post that "without an AI strategy of its own, the world's technology leader risks falling behind."

AI is already being used in a number of fields. For instance, the National Institute of Health is exploring ways machine learning can improve cancer detections and treatment, while the General Services Administration is using AI to reduce the need for federal auditors, the White House said.

Among more than 30 major companies attending included officials from Ford, Boeing, Mastercard and Microsoft.

The Pentagon and various U.S. departments took part, along with senior White House officials including Jared Kushner and Andrew Bremberg, who heads the Domestic Policy Council.

Source : VOA

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POPULAR NEWS
Gold futures end lower for session, cling to weekly gain

Gold futures prices settled fractionally lower Friday although maintained a weekly gain. A decline for the leading dollar index boosted the metal, with gains held in check by a rebound for the U.S. stock market. December gold fell $1.00, or 0.1%, to $1,229.10 an ounce. The contract was up nearly 0.6% for the week after trading as high as $1,231 earlier in the week, its loftiest since July, according to FactSet data. Marketwatch

Gold Set for Longest Run of Weekly Gains Since January

Gold is heading for a third straight week of gains, the longest stretch since January, amid renewed interest in the precious metal as a safe haven. Volatility in equity markets and tensions in the Middle East have spurred demand for bullion, with holdings in exchange-traded funds backed by the metal expanding to the highest level in more six weeks. Concerns about the economy were further fueled by a JPMorgan Chase model indicating that the chance of the U.S. tipping...

Mega Millions Lottery Jackpot Inching Toward $1 Billion

Americans have a chance -- a very slight chance -- when the Mega Millions lottery numbers are picked Friday night. The jackpot has been building since the last winning set of numbers was drawn in July and has climbed to an astounding $970 million and could exceed the billion-dollar mark by the time all tickets are sold. Meantime, the jackpot for another lottery called Powerball stands at $430 million for a lucky winner in Saturday™s drawing. The odds of winning either game are about 1 in...

Shanghai Stocks Rally after Supporting Remarks

Shanghai stocks rebounded from early losses to surge more than two percent Friday after top economic officials made rare coordinated statements aimed at shoring up investor confidence in the country's troubled markets. The benchmark Shanghai Composite Index jumped 2.58 percent, or 64.05 points, to 2,550.47 but it still finished the week 2.1 percent lower. The Shenzhen Composite Index, which tracks stocks on China's second exchange, also gained 2.58 percent, or 31.80 points, to 1,263.81 but...

European markets close flat as Brussels looks to reduce tensions with Italy

European stocks pared earlier losses on Friday after Europe's economy commissioner said no decision had yet been taken on Italy's controversial budget plan. The pan-European Stoxx 600 ended a shade lower, 0.06 percent down as Friday's closing bell rang. In terms of country performance, the FTSE 100 in the U.K., the Swiss SMI, Spain's IBEX were all higher, while France's CAC 40, Germany's DAX and Italy's FTSE MIB pared losses but finished lower. Auto stocks was the worst-performing sector...

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