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Fed Chairman Powell says prosperity not felt in all areas

Powell said that many rural areas had been left out and needed special support, such as access to affordable credit to start small businesses and high-quality education to train workers.

In his comments, Powell did not address the future course of interest rates or the Fed's decision last month to announce that it planned to be 'patient' in its future interest rate hikes.

'Mississippi is one of several mostly rural states where nearly half of residents lack access to good quality childcare, which is the main source of early childhood education,' Powell said.

'Rural areas where traditional industries are declining and where new employers may be moving in often experience a mismatch between the skills of local workers and those demanded by the new employers,' Powell said.

Asked about the Community Reinvestment Act, the 1977 law that requires the Fed and other federal banking regulators to encourage financial institutions to help meet the credit needs of low- and moderate-income neighbourhoods, Powell said the Fed was committed to finding ways to provide better delivery of credit to under-served communities and not weaken the law.

Pentagon outlines its first artificial intelligence strategy

The U.S. military wants to expand its use of artificial intelligence in warfare, but says it will take care to deploy the technology in accordance with the nation's values.

'Other nations, particularly China and Russia, are making significant investments in AI for military purposes, including in applications that raise questions regarding international norms and human rights,' the report says.

The report makes little mention of autonomous weapons but cites an existing 2012 military directive that requires humans to be in control.

The Pentagon hit a roadblock in its AI efforts last year after internal protests at Google led the tech company to drop out of Project Maven, which uses algorithms to interpret aerial video images from conflict zones.

Pentagon outlines its first artificial intelligence strategy

By MATT O’BRIEN AP Technology Writer The U.S. military wants to expand its use of artificial intelligence in warfare, but says it will take care to deploy the technology in accordance with the nation’s values.

The U.S. and Russia are among a handful of nations that have blocked efforts at the United Nations for an international ban on “killer robots” — fully autonomous weapons systems that could one day conduct war without human intervention.

Pentagon outlines its first artificial intelligence strategy

The U.S. military wants to expand its use of artificial intelligence in warfare, but says it will take care to deploy the technology in accordance with the nation's values.

"Other nations, particularly China and Russia, are making significant investments in AI for military purposes, including in applications that raise questions regarding international norms and human rights,"

The report makes little mention of autonomous weapons but cites an existing 2012 military directive that requires humans to be in control.

The Pentagon hit a roadblock in its AI efforts last year after internal protests at Google led the tech company to drop out of Project Maven, which uses algorithms to interpret aerial video images from conflict zones.

Pentagon outlines its first artificial intelligence strategy

The U.S. military wants to expand its use of artificial intelligence in warfare, but said it will take care to deploy the technology in accordance with the nation’s values.

“Other nations, particularly China and Russia, are making significant investments in AI for military purposes, including in applications that raise questions regarding international norms and human rights,”

The report makes little mention of autonomous weapons but cites an existing 2012 military directive that requires humans to be in control.

Pentagon outlines its artificial intelligence strategy

The Pentagon unveiled its plan to increase its use of AI across the military. Zachary Fryer-Biggs, a national security reporter at the Center for Public Integrity, ...

Pentagon outlines its first artificial intelligence strategy

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