Forbes reporter Michael Bernick spotlights Ultranauts, founded by Rajesh Anandan ’95 SM ‘96 and Art Shectman ‘95, which provides software testing services, quality engineering and test automation, data governance, and a recently launched suite of AI products to improve employee performance. The company employees people in 30 states, “75% of whom are neurodivergent.”
Richard Nieva reports on recent newcomers to Forbes’ 2024 Midas List, which features the magazine’s picks for the world’s best capital investors. Wesley Chan SB '00 SM '01 spent 14 years at Google, which “informed his focus on consumer tech startups,” Nieva writes.
Conner Galloway SB '08 SM '09 and Alexander Valys SB '08 lead Xcimer Energy Company, a startup seeking to provide economical nuclear fusion power and “pursuing what’s best described as a ground-up redesign of the underlying technology,” writes Tim De Chant for TechCrunch. “This is proven science,” Galloway, the CEO of Xcimer CEO, explains. “It’s just a matter of building a big enough laser, cheap enough laser and efficient enough laser.”
C. Gordon Bell ’57, SM 57 was a “computer pioneer always looking ten steps ahead and building that version of the world,” writes Gizmodo’s Matt Novak. Bell was, “a true visionary in the world of computing who helped design some of the first minicomputers in the 1960s," Novak adds.
Called the “Frank Lloyd Wright of computers,” technology visionary C. Gordon Bell ’57, SM '57, “the master architect in the effort to create smaller, affordable, interactive computers that could be clustered into a network,” has died. “He was among a handful of influential engineers whose designs formed the vital bridge between the room-size models of the mainframe era and the advent of the personal computer,” notes Glenn Rifkin for The New York Times.
MIT spinoff Electrified Thermal Solutions is developing electrically charged bricks that generate and store heat as part of an effort to one day replace fossil fuels, reports Phil McKenna for Inside Climate News. “If you are running an industrial plant where you’re making cement or steel or glass or ceramics or chemicals or even food or beverage products, you burn a lot of fossil fuels,” explains Daniel Stack SM '17, PhD '21, chief executive of Electrified Thermal Solutions. “Our mission is to decarbonize industry with electrified heat.”
In an article for Fast Company, Lecturer Guadalupe Hayes-Mota offers five takeaways concerning the potential impact of AI on healthcare. Understanding AI’s healthcare potential “is crucial for business leaders and policymakers to foster an environment where AI and other analytics tools enhance rather than complicate societal outcomes,” Hayes-Mota writes.
Scroll.in reporter Deepa Gahlot reviews “Srikanth,” a biopic highlighting the life of Srikanth Bolla '13, the blind founder of Bollant Industries. Bolla is “by any measure a poster boy of unflinching determination and never taking no for an answer,” writes Gahlot. “The film is so earnest, so sunshine-y, [and] the hero so inspiring.”
Alex Viega of the Associated Press reports on the death of former MIT Prof. James Simons '58, a life member emeritus of the MIT Corporation and “a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation’s biggest philanthropists.” Simons and his wife Marilyn co-founded the Simons Foundation, whose president said, “Jim was an exceptional leader who did transformative work in mathematics and developed a world-leading investment company.”
Axios reporter Alex Fitzpatrick spotlights MightyFly, an aviation startup founded by Manal Habib ’11 that is developing a large, autonomous electric vehicle takeoff and landing cargo drone that has been approved by the Federal Aviation Administration for a flight corridor. "The use case is B2B expedited logistics," says Habib. "Think of deliveries from a manufacturer to suppliers. Think of deliveries from a lab to a hospital, or from a warehouse or pharmacy, as well as to improve deliveries to an oil rig or to a farm or a mining site, as well as for DOD use cases."
GiveDirectly, a nonprofit co-founded by MIT and Harvard alumni, works with “economists to identify the most efficient ways to reduce poverty,” reports Katharine Houreld for The Washington Post. “Lump sums are the most efficient way to give cash, according to a study of GiveDirectly programs released in December that compared the impact of three methods,” explains Houreld. “Two years in, recipients of the lump sum have spent more money on health care, and more of their children have scored better on school exams, according to the study by MIT economics professor Abhijit Banerjee and others."
Axios reporter Steph Solis spotlights Kura, an MIT startup that is “developing a platform to help immigrants safely deliver money to loved ones back home.” Solis explains that: “Families worldwide rely on wire services like Western Union and Moneygram, but in some countries picking up money means waiting in long lines and exposing oneself to thieves.” Clifford Nau MBA ’22 and Stephanie Joseph, a Harvard alum, “wanted to build a safer alternative that would be available 24/7.”
Doug Ricket '01, MEng '02 co-founded PayJoy, a startup that aims to “provide a fair and responsible entry point for individuals in emerging markets to enter the modern financial system, build credit, achieve economic freedom, and access digital connectivity,” reports Mary Ann Azevedo for TechCrunch. “PayJoy is applying a buy now, pay-as-you-go model to the estimated 3 billion adults globally who don’t have credit by allowing them to purchase smartphones and pay weekly for a 3- to 12-month period. The phones themselves are used as collateral for the loan,” explains Azevedo.
Prof. Roger Levy, Prof. Tracy Slatyer and Prof. Martin Wainwright are among the 2024 John Simon Guggenheim Foundation Fellowship recipients, reports Michael T. Nietzel for Forbes. “The new fellows represent 52 scholarly disciplines and artistic fields and are affiliated with 84 academic institutions,” writes Nietzel.
Prof. Roger Levy, Prof. Tracy Slatyer and Prof. Martin Wainwright have been awarded John Simon Guggenheim Foundation Fellowships, reports Mark Feeney for The Boston Globe. A Guggenheim fellowship “is one of the most sought-after honors in academe, the arts, and culture,” explains Feeney. “It helps underwrite a proposed art or scholarly project.”