Industry

Prof. Daron Acemoglu speaks with Politico reporter Derek Robertson about his new study examining the impacts of automation on the workforce and economy. “This discussion gets framed around ‘Will robots and AI destroy jobs, and lead to a jobless future,’ and I think that's the wrong framing,” says Acemoglu. “Industrial robots may have reduced U.S. employment by half a percent, which is not trivial, but nothing on that scale [of a “jobless future”] has happened — but if you look at the inequality implications, it's been massive.”

TechCrunch reporter Brian Heater spotlights a new study by Prof. Daron Acemoglu that examines the impact of automation on the workforce. “We’re starting with a very clear premise here: in 21st-century America, the wealth gap is big and only getting bigger,” writes Heater. “The paper, ‘Tasks, Automation, and the Rise in U.S. Wage Inequality,’ attempts to explore the correlation between the growing income gap and automation.”

Popular Science reporter Andrew Paul writes that a study co-authored by Institute Prof. Daron Acemoglu examines the impact of automation on the workforce over the past four decades and finds that “‘so-so automation’ exacerbates wage gaps between white and blue collar workers more than almost any other factor.”

Landmark Bio, a cell and gene therapy manufacturing company co-founded by MIT and a number of other institutions, is focused on accelerating access to innovative therapies for patients, reports Rowan Walrath for Boston Business Journal. "Landmark's new facility includes laboratory space for research and early-stage drug development, as well as analytics tools,” writes Walrath. 

MIT and a number of other local institutions have launched Landmark Bio, a cell and gene therapy manufacturing firm aimed at helping small startups develop experimental therapies that are reliable, consistent, and large enough to be used in clinical trials, reports Ryan Cross for The Boston Globe.

Researchers at MIT have developed a silk-based biodegradable substitute for microplastics, reports Ysabelle Kempe for Scientific American. “This type of research is urgent for companies that face tightening regulations on deliberate use of microplastics,” writes Kempe.

Boston Globe reporter Scott Kirsner spotlights the work of Katie Rae, CEO of The Engine, on his roundup of some of the key figures in Boston’s tech network. The Engine is “for startups focused on ‘tough tech,’ technology that can often take years to perfect and build a business around,” writes Kirsner.

At MIT’s AI Policy Forum Summit, which was focused on exploring the challenges facing the implementation of AI technologies across a variety of sectors, SEC Chair Gary Gensler and MIT Schwarzman College of Computing Dean Daniel Huttenlocher discussed the impact of AI on the world of finance. “If someone is relying on open-AI, that's a concentrated risk and a lot of fintech companies can build on top of it,” Gensler said. “Then you have a node that's every bit as systemically relevant as maybe a stock exchange."

Prof. Emeritus Donald Sadoway and his colleagues have developed a safer and more cost-effective battery to store renewable energy, reports David Abel for The Boston Globe. The battery is “ethically sourced, cheap, effective and can’t catch fire,” says Sadoway.

Researchers from MIT and elsewhere have developed a new cost-effective battery design that relies on aluminum ion, reports Robert F. Service for Science. “The battery could be a blockbuster,” writes Service, “because aluminum is cheap; compared with lithium batteries, the cost of materials for these batteries would be 85% lower.”

Prof. Hari Balakrishnan speaks with Forbes contributor Stuart Anderson about his decision to leave India to pursue a PhD in computer science in the U.S., his love for teaching students as a professor at MIT and his work co-founding Cambridge Mobile Telematics, a software company that utilizes technology to make roads safer. “Immigration and immigrants make the United States stronger,” said Balakrishnan. “Immigration is the biggest strength that we have. We need to be able to attract and retain talent, no matter where people come from.”

Boston Metal, an MIT startup, is working to transition the steel industry from coal-based fuel to sustainably produced electricity, reports Scott Kirsner for The Boston Globe. The “key to making iron and steel production less environmentally damaging is getting access to sustainable power from wind, solar, hydro, or nuclear, and finding ways to store that power to use when it’s needed, such as in large-scale batteries,” explains Kirsner.

Researchers at MIT have developed a battery that uses  aluminum and sulfur, two inexpensive and abundant materials, reports Alex Knapp and Alan Ohnsman for Forbes. “The batteries could be used for a variety of applications,” write Knapp and Ohnsman.

MIT researchers have created a new battery using inexpensive and plentiful materials to store and provide power, reports Tony Ho Tran for The Daily Beast. “The study’s authors believe that the battery can be used to support existing green energy systems such as solar or wind power for times when the sun isn’t shining or the air is still,” writes Tran. 

Prof. Donald Sadoway and his colleagues have developed a battery that can charge to full capacity in less than one minute, store energy at similar densities to lithium-ion batteries and isn’t prone to catching on fire, reports Alex Wilkins for New Scientist. “Although the battery operates at the comparatively high temperature of 110°C (230°F),” writes Wilkins, “it is resistant to fire because it uses an inorganic salt that can’t burn as its electrolyte, the material that allows charge to flow inside a battery.” Sadoway explains that “this is a totally new battery chemistry."