Forbes contributor Joe McKendrick writes that MIT researchers have developed a new metric for analyzing the value of the digital goods and services people use. McKendrick writes that the research provides “an idea of what digital goods -- those free or paid-for subscription services available via the internet and mobile -- add to our economy.”
Prof. Erik Brynjolfsson speaks with Sabri Ben-Achour of Marketplace about his work quantifying the economic benefits of goods and services that GDP does not measure. “We haven’t been measuring the value of the environment or digital goods,” says Brynjolfsson. “That means policy makers, when they are trying to see where is value coming and how is the economy growing, they have been missing that understanding.”
In an article for Fast Company about recycling, Adele Peters highlights MIT startup Renewlogy, which turns mixed plastic products into low-carbon, cost-competitive fuel. “To shift the needle and get recycling rates over 10%, you really need to focus on these low-value plastics,” says Renewlogy CEO Priyanka Bakaya, an MIT alumna.
Wall Street Journal reporter Mike Bird writes that MIT researchers have proposed a new metric for GDP that would incorporate free digital goods and services. Bird explains that the researchers found that Facebook “would have boosted U.S. economic growth by between 0.05 and 0.11 percentage points a year” under the new metric.
TechCrunch reporter Brian Heater highlights how MIT spinoff Formlabs has unveiled two new 3-D printers that offer more form and accuracy than earlier models. “Along with increased accuracy, the new machines feature real-time health updates, remote printing and modular designs, so users can swap out parts to keep them going,” Heater explains.
MIT startup ClearMotion Labs has developed technology that helps cars adjust to potholes in the road, making for a smoother ride, reports Robert Goulston for Boston 25 News. “As the wheels are going over bumps, those sensors are detecting those bumps and instantaneously looking to push and pull the wheels,” explains MIT alumnus and ClearMotion CEO Shakeel Avadhany.
CNN reporter Parija Kavilanz spotlights The Groomsman Suit, a company co-founded by MIT alumna Diana Ganz. The company, which was initially created to offer well-fitting tuxedos at a discount, is developing a line of tuxedos and suits specifically for women.
Quartz reporter Eshe Nelson writes that MIT researchers have proposed redesigning GDP to incorporate free digital goods and services. Prof. Erik Brynjolfsson explains that updating GDP provides a “realistic idea of what creates value in society and what doesn’t. A lot of digital goods we’ll find are creating a ton of value.”
Boston Globe reporter Hiawatha Bray spotlights how MIT alumnus Josh Lessing has co-founded a company that is “developing technology to solve some of the most enduring challenges in agriculture — a sector that has long struggled with labor shortages, seasonal schedules, and compressed harvesting periods.”
Alumnus Tom Leighton, CEO and co-founder of Akamai, speaks with Forbes contributor Peter High about the company’s founding and his push towards making the company more focused on cybersecurity.
Fast Company reporter Katherine Schwab spotlights Duality, an MIT startup that is using homomorphic encryption to analyze encrypted data without decrypting it. Schwab explains that the “company’s technology could provide an actual solution to the data privacy problem by allowing companies to keep their data fully encrypted and still find patterns in it.”
Boston Globe reporter Hiawatha Bray writes about how MIT alumni Mike Pappas and Carter Huffman started a company that allows video game players to customize their voices. The company’s software “measures the tone, pitch, and emotional intensity of the speaker’s voice, then applies these qualities to any user’s speech in real time.”
MIT spinoff Ginkgo Bioworks has launched Motif Ingredients, a food ingredients company that uses yeast to mimic flavors or textures found in food, report Chloe Sorvino and Alex Knapp for Forbes. Motif Ingredients is “a potential game-changer for the budding industry of plant-based foods,” Sorvino and Knapp write.
Boston Globe reporter Hiawatha Bray writes that MIT startup Altaeros has developed a helium-filled airship called a SuperTower that can be used to carry cellular antennas and can be tethered 800 feet above ground. Bray explains that radio signals from the SuperTower “have a range of more than 35 miles over flat terrain, taking the place of 15 land-based cell towers.”
Forbes contributor Gil Press writes about MIT cybersecurity startup Duality Technologies, which is working on guaranteeing privacy and utility. Press explains that the company is using a cybersecurity technique called Homomorphic Encryption, which “allows for processing and analysis of the encrypted data without having the secret key.”