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POPULAR NEWS
Dollar dips on trade optimism, U.S.-China talks awaited

The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in U.S.-China trade tensions, with the focus on discussions between the two countries due this week. The dollar index against a basket of six major currencies was little changed at 96.126 after losing 0.55 percent on Friday. Escalating trade tensions between the United States and its trading partners, in addition to a plunge in the Turkish lira, has taken a heavy toll on emerging...

Tokyo stocks open flat

Tokyo stocks opened flat on Monday as investors looked for a fresh buying peg after rises last week on increased hopes of a resolution to the US-China trade impasse. The benchmark Nikkei 225 index gained 0.04 percent, or 8.16 points, to 22,278.54 in early trade while the broader Topix index was down 0.13 percent, or 2.24 points, at 1,695.29. Source: AFP

Oil Holds Gains on Signs of Slowing Growth in U.S. Production

Oil held gains near $66 a barrel on signs of slowing growth in U.S. crude production. Futures in New York were steady after a 0.7 percent rise on Friday. Working oil rigs in the U.S. were unchanged at 869, according to data from Baker Hughes on Friday. While it™s the highest level in more than three years, the rig count has grown only by 10 since late May. Oil has fallen about 11 percent from the highs of late June as a trade war between the U.S. and China and turmoil in...

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
Dollar dips on trade optimism, U.S.-China talks awaited

The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in U.S.-China trade tensions, with the focus on discussions between the two countries due this week. The dollar index against a basket of six major currencies was little changed at 96.126 after losing 0.55 percent on Friday. Escalating trade tensions between the United States and its trading partners, in addition to a plunge in the Turkish lira, has taken a heavy toll on emerging...

Tokyo stocks open flat

Tokyo stocks opened flat on Monday as investors looked for a fresh buying peg after rises last week on increased hopes of a resolution to the US-China trade impasse. The benchmark Nikkei 225 index gained 0.04 percent, or 8.16 points, to 22,278.54 in early trade while the broader Topix index was down 0.13 percent, or 2.24 points, at 1,695.29. Source: AFP

Oil Holds Gains on Signs of Slowing Growth in U.S. Production

Oil held gains near $66 a barrel on signs of slowing growth in U.S. crude production. Futures in New York were steady after a 0.7 percent rise on Friday. Working oil rigs in the U.S. were unchanged at 869, according to data from Baker Hughes on Friday. While it™s the highest level in more than three years, the rig count has grown only by 10 since late May. Oil has fallen about 11 percent from the highs of late June as a trade war between the U.S. and China and turmoil in...

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