Prof. Anantha Chandrakasan, MIT’s chief innovation and strategy officer and dean of MIT’s School of Engineering, has been named the Institute’s new provost, reports The Hindu. “As MIT’s chief academic officer, Prof. Chandrakasan will focus on three overarching priorities: understanding institutional needs and strategic financial planning, attracting and retaining top talent, and supporting cross-cutting research, education, and entrepreneurship programming.”
Prof. Daron Acemoglu speaks with Salon reporter Russell Payne to explain how “the calculations made by the current generation of AI are fundamentally different from how humans think.” Acemoglu explains: “The more talk of artificial super intelligence we have, the more of a boost these companies get, especially in terms of being able to raise funding, in terms of being in the spotlight and high status, high ability to convince others.”
Prof. David Autor speaks with Wired reporter Will Knight about the anticipated impact of AI on employment. “If demand for software were like demand for colonoscopies, no improvement in speed or reduction in costs would create a mad rush for the proctologist's office,” says Autor. “But if demand for software is like demand for taxi services, then we may see an Uber effect on coding: more people writing more code at lower prices, and lower wages.”
Prof. Daron Acemoglu, Prof. Peter Diamond and Prof. Simon Johnson are among the six Nobel laureate economists that warn the “massive budget bill passed by Housemakers last month… would weaken key safety-net programs while greatly lifting the federal debt,” reports Alain Sherter for CBS News. The economists also said that “large tax cuts under the legislation, combined with the hits to Medicaid and food stamps, would increase inequality,” writes Sherter.
Prof. Emeritus Stanley Fischer PhD '69, “one of the most influential economists of recent decades,” has died at age 81, reports Greg Ip for The Wall Street Journal. Through his various roles, “Fischer helped shape how an entire generation of central bankers and economic policymakers do their jobs,” writes Ip.
Prof. Emeritus Stanley Fischer PhD '69, an economist and central banker who helped “guide global economic policies and defuse financial crises for decades,” has died at the age of 81, reports James R. Hagerty for The New York Times. While at MIT, “Mr. Fischer became a magnet for graduate students,” writes Hagerty. “He encouraged them to visit him every week, ‘especially if you have nothing to say.’”
Prof. Daron Acemoglu speaks with WBUR On Point host Meghna Chakrabarti about the role of trust in institutions. “Institutions crucially depend on the trust that people place in them,” says Acemoglu. “Corruption is the tip of the spear, because once you start suspecting that people in high office are using their position for corrupt ends, it tarnishes the entire set of institutions. And I think that's the situation we're in, and we're getting deeper and deeper.”
In an article for Foreign Affairs, Prof. Mai Hassan writes about the current state of the civil war in Sudan and hopes for a cease-fire or peace deal. “Because the conflict is overwhelmingly driven by a struggle over regional power and resources, rather than any larger political vision for the country,” writes Hassan, “it remains likely that alliances will keep shifting, militias will keep defecting, and breakaway groups will keep forming. Sadly, instead of either peace or partition, Sudan’s most likely future is more war.”
Prof. David Autor speaks with Rogé Karma from The Atlantic about the role of tariffs in the American manufacturing industry. “Letting free trade rip is an easy policy,” says Autor. “Putting up giant tariffs is an easy policy. Figuring out some middle path is hard. Deciding what sectors to invest in and protect is hard. Doing the work to build new industries is hard. But this is how great nations lead.”
Six MIT faculty members – Prof. Emerita Lotte Bailyn, Prof. Gareth McKinley, Prof. Nasser Rabbat, Prof. Susan Silbey, Prof. Anne Whiston Spirn, and Prof. Catherine Wolfram – have been elected to the American Academy of Arts and Sciences, reports Sarah Mesdjian for The Boston Globe. “The academy aims to honor accomplished leaders in a wide array of fields and ‘cultivate every art and science which may tend to advance the interest, honor, dignity, and happiness of a free, independent, and virtuous people,’” explains Mesdjian.
Writing for Financial Times, Prof. Daron Acemoglu discusses the issues behind monopolies ahead of an EU ruling on Google’s advertising technology. “For too long, Silicon Valley has dictated the rules of the internet, shaping markets to serve its own interests while competition dwindles and inequality soars,” writes Acemoglu. “By setting course to break up Google’s advertising monopoly, Europe can show that democratic institutions, not monopolies, should shape our digital future.”
Prof. David Autor speaks with Financial Times reporter Martin Wolf about the impact of AI on the workforce. “I think [AI] will be quite important, it will be pervasive, it will be transformative in some activities, but I don’t think in general, it’s going to cause an economic implosion of work anytime in the near future,” explains Autor.
Speaking with Wall Street Journal reporter Justin Lahart, Prof. Sendhil Mullainathan makes the case that people have a choice about what kind of technology AI becomes. “People imagine that AI is going to automate things, but they don’t appreciate that automation is just one path. There’s nothing intrinsic about machine learning or AI that puts us on that path. The other path is really the path of augmentation,” says Mullainathan. “Whether we end up building things that replace us, or things that enhance our capacities, that is something that we can influence.”
Anantha Chandrakasan, MIT’s chief innovation and strategy officer and dean of MIT’s School of Engineering, speaks with Boston Globe reporter Jon Chesto about the new MIT-GE Vernova Energy and Climate Alliance. “A great amount of innovation happens in academia. We have a longer view into the future,” says Chandrakasan. He adds that while companies like GE Vernova have “the ability to get products out quickly to scale up, to manufacture, we have the ability to think past the short-term. ... It’s super smart of them to surround themselves with this incredible talent in academia. That will allow us to make the kind of breakthroughs that will keep U.S. competitiveness at its peak.”
Wall Street Journal reporter Lauren Weber spotlights a paper by Prof. David Autor that finds import tariffs have had little effect on job creation and preservation in the U.S., particularly in parts of the country with tariff-protected industries. Autor and his colleagues found “manufacturing employment didn’t increase, though it also didn't fall (other research found that U.S. companies had a hard time selling more products abroad, which may help explain why manufacturers didn't add jobs),” Weber explains. “Worse than that, retaliatory tariffs from trading partners led to job losses, especially in agriculture.”