MIT alumni Steve Fredette, Aman Narang and Jonathan Grimm co-founded Toast, an all-in-one online restaurant management software company, reports Aaron Pressman for The Boston Globe. “The Toast founders spent hours talking to restaurateurs and built features such as real-time communication with the kitchen about special orders and dishes that have sold out, and a way of tracking loyalty rewards,” explains Pressman.
Prof. Carlo Ratti speaks with CNN reporter Paula Newton about the future of cities and the potential impact of vacant office spaces. “We need to meet in a physical space,” says Ratti. “Maybe not in the old office tower, but the physical space is very important. It’s the way we sustain and enrich our social networks.”
A study conducted by graduate student Aspen Hopkins and colleagues trained a version of a GPT neural network on the board game Othello “by feeding in long sequences of move in text form”, reports George Musser for Scientific American. “Their model became a nearly perfect player,” writes Musser.
Prof. Cynthia Breazeal, the MIT dean of digital learning, speaks with Education Week reporter Alyson Klein about the importance of ensuring K-12 students are AI literate. “The AI genie is out of the bottle,” says Breazeal. “It’s not just in the realm of computer science and coding. It is affecting all aspects of society. It’s the machine under everything. It’s critical for all students to have AI literacy if they are going to be using computers, or really, almost any type of technology.”
Ubiquitous Energy, an MIT startup, has created a transparent photovoltaic glass coating, called UE Power, that can turn any surface into a tiny solar panel, reports Teodosia Dobriyanova for Mashable. “The company, however, is prioritizing the use of UE Power on windows in an attempt to help buildings reduce their colossal climate footprint,” writes Dobriyanova.
A new working paper by Prof. Christian Wolf and his colleagues explores a “mechanism by which a government could run deficits and never have to pay them,” reports Peter Coy for The New York Times. The researchers found that “‘deficits contribute to their own financing via two channels.’ First, they can accelerate economic growth, which generates more tax revenue. Second, they can cause inflation to rise, which shrinks the effective cost of debt.
MIT researchers have found that interactions between people from different economic backgrounds have dropped significantly since the start of the Covid-19 pandemic, reports David Scharfenberg for The Boston Globe. Scharfenberg notes the “the phenomenon could hurt low-income people in direct ways – they’ll lose connections to better-off people – and indirect ways.”
Prof. Benedetto Marelli and his colleagues have created “packaging that can react to changes in the food it contains to better indicate when it has gone bad,” reports Karmela Padavic-Callaghan for New Scientist. The biodegradable plastic-like wrap, which is made from silk, changes color when it is exposed to rotting foods and degrades quickly in soil.
Eleven fellows have been selected for the 2023-2024 Morningside Academy for Design (MIT MAD) program, reports Designboom, which is focused on offering “opportunities for students, faculty, and the general public to explore the intersection of design, technology, and social impact.” The fellowship program is aimed at helping designers have a “real-world impact in fields such as sustainability, architecture, health, and social justice.”
Prof. Jongyoon Han and research scientist Junghyo Yoon have developed a new portable desalination device that can deliver safe drinking water at the push of a button, reports Meghan Gunn and Kerri Anne Renzulli for Newsweek. The device “requires less power than a cell phone charger to run and produces clean drinking water that exceeds World Health Organization standards,” writes Gunn and Renzulli.
Prof. Anna Stansbury and her colleagues have found that economics PhD recipients are more likely to have a parent with a graduate degree, reports Andrew Van Dam for The Washington Post. “This study is one of the first to describe academia’s struggles with economic diversity, but its racial diversity issues have been well documented,” explains Van Dam. “They’re particularly pronounced in economics, which has fewer underrepresented minorities among its PhD graduates (about 6 percent) than any other major field.”
Prof. Yossi Sheffi, director of the MIT Center for Transportation and Logistics, speaks with David Wade of WBZ News about AI and the future of work. "Jobs will change, clearly some jobs will disappear. I don't want to minimize it," says Sheffi. “Some jobs will disappear, but this is a very small number. Most of the impact of technology is to assist."
Prof. David Autor speaks with Greg Rosalsky of NPR’s Planet Money about the potential benefits and downsides of AI, sharing his hope that with the right policies in place to help prepare workers AI could be harnessed to help “reinstate the middle class.” Says Autor: "Basically, the middle-skilled workers of the future could be people who have foundational skills in healthcare, in the trades, in travel and services. Then, with the help of AI, they could get really good at these jobs.”
A number of MIT startups including Scale AI and Alto Pharmacy have named to CNBC’s Disruptor 50 list, “which highlights private companies that are chasing some of the market’s biggest opportunities and growing despite a tough capital markets environment and slowing economy.” CNBC explains that: “Many of the Disruptor 50 companies have a social or environmental purpose that is core to their business model, including climate change, sustainable development, health care, financial inequities, and an inefficient global supply chain.”
Prof. James Poterba, president of the National Bureau of Economic Research and a member on the Business Cycle Dating Committee, speaks with NBC Boston reporter Annie Nova about the practice of dating economic downturns. Poterba notes that examining economic fluctuations “helps to design policy going forward. It enables us to look back and say, for example, what are the consequences of interest rate increases?”