Times Higher Education ranks MIT as the number one university for business degrees in their 2026 World University Rankings list, highlighting the Sloan School of Management’s MBA courses, executive training programs, and broad undergraduate management course offerings. “There is an emphasis on innovation across all these topics. Many influential new ideas in business, including the field of system dynamics, were born out of work at the Sloan School.”
CNBC’s Greg Iacurci interviews Prof. Andrew Lo about the potential pitfalls of relying on AI for financial advice. “One of the things about LLMs [Large Language Models] that I find particularly concerning is that no matter what you ask it, it’ll always come back with an answer that sounds authoritative, even if it’s not,” says Lo. “When it comes to very, very specific calculations of your own personal situation, that’s where you have to be very, very careful.”
In a Forbes opinion piece, Joseph Coughlin, director of the MIT AgeLab, emphasizes the importance of place planning, which includes factoring climate risks in retirement decisions, and considering whether a community will work for an individual in the future. “If where we live increasingly shapes our health, mobility, access to care, social connection, and resilience, then retirement planning needs another dimension beyond financial preparedness,” writes Coughlin. “It is no longer simply, ‘Is this where I want to grow old?’ It is, ‘Will this place continue to support me as I grow older?’"
For The Hill, Senior Lecturer Robert Pozen and contributor Mark Iwry argue that the U.S. should implement federal legislation for automatic retirement savings plans. “Without burdening small employers, bipartisan auto-IRA legislation would make retirement saving easy for employees without an IRA or retirement plan at work,” write Pozen and Iwry. “Such legislation would extend tax-favored retirement savings to the tens of millions of workers now left behind, fulfilling the stated intent of the recent executive order ‘to ensure that every American worker has access to a simple, portable, low-cost retirement-savings option.’”
Joseph Coughlin, director of the MIT AgeLab, joins NBC News Now hosts Kate Snow and Zinhle Essamuah to discuss how Americans can prepare for retirement, reviewing several questions that can help individuals prepare for a longer life. “Most of us start thinking about retirement as somewhere between health and wealth, and that’s not incorrect, but it’s incomplete,” says Coughlin.
Prof. Taha Choukhmane co-authored a new study examining how Americans are using AI in their financial planning and found that “AI consistently gave better advice to people who asked better questions,” reports Daniel de Visé for USA Today. “It might be that AI is going to be a little more useful for people who already know a little bit about finance and financial literacy,” Choukhmane explains.
CBS News reporter Aimee Picchi spotlights Prof. Andrew Lo’s recent comments on using AI for retirement planning. “Lo stressed that it's important to ask critical questions when using AI for retirement advice, such as prompting an AI to say where it might be wrong and to list its assumptions and uncertainties,” writes Picchi.
Prof. Andrew Lo speaks with with Greg Iacurci at CNBC about using AI for personal finances. “One of the things about [large language models] that I find particularly concerning is that no matter what you ask it, it’ll always come back with an answer that sounds authoritative, even if it’s not,” said Lo. ″[People] should be using AI for financial planning — but it’s how they use it that’s important.”
Prof. Andrew Lo speaks with CNBC reporter Greg Iacurci about using AI systems for financial planning and advice. “The problem that we have to solve is not whether AI has enough expertise. The answer right now is, clearly, AI has the [financial] expertise,” says Lo. “What they don’t have is that fiduciary duty. They don’t have the ability to suffer consequences if they make a mistake to the same degree that a human advisor does.”
Writing for The Boston Globe, Prof. Christopher Knittel and graduate student Fischer Espiritu Argosino make the case that in Massachusetts the “current compensation structure for the electricity produced by solar panels turns a climate solution into an inequitable cost shift that burdens many residents.” They add: “The state needs to prioritize large-scale wind and solar deployment and fix how residential solar exporters are compensated…. Massachusetts has long been a clean-energy leader. It can remain one by showing that decarbonization and affordability can go hand in hand.”
Prof. Simon Johnson speaks with CNBC Squawk Box reporter Andrew Ross Sorkin about the state of private credit. “The opacity of this sector has become a problem,” says Johnson. “I think disclosure, at least to the authorities and publicly, would be healthy for everyone.”
A study by Prof. Taha Choukhmane and his colleagues has found that “by switching retirement contributions to the account with the higher match rate, 1 in 5 couples could increase their savings by an estimated $750 per year,” reports Lorie Konish for CNBC. “The absence of coordination can be a choice, but it’s a costly choice,” says Choukhmane.
Forbes reporter Jeff Kauflin spotlights Andres Santos MBA '21, co-founder of Común, as one of the six entrepreneurs making their debut on the Forbes Fintech 50 list. Común is a “digital bank for Hispanic immigrants,” writes Kauflin. “Customers can open checking accounts through an app using a passport or ID from their home country and use it for direct deposit, a debit card and international money transfers.”
Prof. Neha Narula speaks with Bloomberg reporters Scarlet Fu and Tim Stenovec about the financial, technological and regulatory risks associated with the rise in GENUIS-compliant stablecoins’ transition to mainstream use. “This is going to apply to more than just stablecoins,” says Narula. “This is going to apply to all tokenized assets. We have to think about the decentralized blockchains behind them. All blockchains are not created equal and right now there’s no indication for how users or stablecoin issuers or other market participants should think about these different blockchains.”
Prof. Andrew Lo speaks with Wall Street Journal reporter Peter Coy about why he feels current AI systems aren’t suited to serving as financial advisors and his goal to create “an AI financial adviser that is a true fiduciary—namely, an entity that always puts the client’s interests first and tailors its advice to their particular needs, including emotional needs.” Lo notes that: “The AI people are using now can be dangerous, especially if the user isn’t fully aware of the biases, inaccuracies and other limits” of large language models.