Industry

MIT President L. Rafael Reif and Special Presidential Envoy for Climate John Kerry discussed the urgency of addressing climate change during the Climate Grand Challenges Showcase event, reports Chris Lisinski for the State House News Service. “Climate change has been called a ‘super wicked’ problem. In Boston, that might sound like a local way of saying ‘really hard,’ but this phrase is actually a technical term,” Reif said. “It describes any enormously complex societal problem that has no single right answer and no clear finish line as well as multiple stakeholders with conflicting priorities and no central authority empowered to solve it.”

Bloomberg News reporter Janet Wu speaks with President L. Rafael Reif and Special Presidential Envoy for Climate John Kerry during the Institute’s Climate Grand Challenges showcase event. “If you can capture the emissions -- literally, genuinely -- then you’re reducing the problem,” said Kerry of the importance of eliminating greenhouse gas emissions.

MIT announced five projects "targeting the world's toughest climate riddles" that were selected following a rigorous two-year competition, reports Benjamin Kail for Boston Business Journal. “Climate Grand Challenges represents a whole-of-MIT drive to develop game-changing advances to confront the escalating climate crisis, in time to make a difference,” says President L. Rafael Reif.

The MIT AI Hardware Program seeks to bring together researchers from academia and industry to “examine each step of designing and manufacturing the hardware behind AI-powered technologies,” reports Emily Bamforth for EdScoop. “This program is about accelerating the development of new hardware to implement AI algorithms so we can do justice to the capabilities that computer scientists are developing,” explains Prof. Jesús del Alamo.

The MIT AI Hardware Program is aimed at bringing together academia and industry to develop energy-optimized machine-learning and quantum-computing systems, reports Katyanna Quach for The Register. “As progress in algorithms and data sets continues at a brisk pace, hardware must keep up or the promise of AI will not be realized,” explains Professor Jesús del Alamo. “That is why it is critically important that research takes place on AI hardware."

Sajith Wickramasekara ‘15 and Ashu Singhal ’11 co-founded Benchling, a software company designed to make it easier to keep track of laboratory data. The company has now acquired Overwatch, a software company for customers working in preclinical biopharma research, reports Alex Knapp for Forbes. “It [the acquisition] fits really nicely in the direction our company is heading,” says Wickramasekara. “It really helps us extend our offering, especially for biopharma where we’re growing a lot.”

Thanks to its affordability and cross-generational appeal, pickleball is becoming an increasingly popular sport, reports Shannon Mullen for NPR. “I think if pickleball, in its own humble way, can continue to grow its participation and find ways to make the sport a compelling fan product,” says senior lecturer Ben Shields, in "10, 20 years it could be a very viable competitor in the global sports industry."

24M Technologies, an MIT startup, and Volkswagen Group are joining forces to "manufacture next-generation lithium-ion EV batteries using the 24M SemiSolid platform,” reports Mark Kane for Inside EVs.

A new study by Prof. S.P. Kothari and Prof. Eric So finds that payment for order flow is not bad for investors.The researchers found that “the price improvement for retail investors using Robinhood was better than price improvement that institutional investors receive when they trade small lots of public exchanges,” reports Felix Salmon for Axios.

Greg Rosalsky of NPR’s Planet Money spotlights a new study co-authored by Prof. David Autor that examines the impact of the China Shock on Americans working in the manufacturing industry. Rosalsky notes that the research by Autor and his colleagues on the China Shock demonstrates what happens “when a bomb explodes on a community's main industry. The community doesn't just bounce back. Workers don't just shift to new sectors or move to new places. The social fabric of the community gets ripped apart. Destitution, squalor and depression set in.”

Financial Times reporter Tom Wilson writes that researchers from MIT and Commonwealth Fusion Systems (CFS) have successfully demonstrated the use of a high-temperature superconductor, which engineers believe can allow for a more compact fusion power plant. “It’s the type of technology innovation that you know shows up every once in a while in a given field,” CFS chief executive, Bob Mumgaard, tells Wilson.

WCVB-TV spotlights two MIT startups, True Moringa, a beauty and wellness company that uses the oil from Moringa trees grown in Ghana to directly benefit farmers in Ghana, and Sourcemap, which traces supply chains and provides transparency about where goods are stemming from. Says Kwami Williams ’12, co-founder and CEO, of his inspiration for True Moringa: “I started to ask myself, if aerospace engineers can help put a man on the Moon, then what can I do to help put more food on the table for families” in Ghana.

Researchers at MIT’s Plasma Science and Fusion Center and Commonwealth Fusion Systems speak with The New Yorker’s Rivka Galchen about the history of fusion research and the recent test of their large high-temperature superconducting electromagnet. “I feel we proved the science. I feel we can make a difference,” says MIT alumna Joy Dunn, head of manufacturing at CFS. “When people ask me, ‘Why fusion? Why not other renewables,’ my thinking is: This is a solution at the scale of the problem.”

Dennis Whyte, director of MIT’s Plasma Science and Fusion Center, and Bob Mumgaard, CEO of Commonwealth Fusion Systems, join Bruce Mohl on CommonWealth Magazine’s podcast, The Codcast, to discuss how their recent successful test of a high-temperature superconducting electromagnet will impact the quest for fusion energy. “With the advent of this new technology, there is nothing stopping us from building that first demonstration, the Kitty Hawk moment of fusion, when you see net energy from a system for the first time on earth,” said Whyte.

New York Times reporter Steve Lohr spotlights the origin and history of MIT startup Gingko Bioworks, a synthetic biology company founded with a “shared belief that biology could be made more like computing with reusable code and standard tools instead of the bespoke experiments of traditional biology." Jason Kelly ’03, PhD ’08, one of the founders of MIT startup Ginkgo Bioworks and the company’s chief executive, explains that “the ultimate goal for Ginkgo is to make it as easy to program a cell as it is to program a computer.”