MIT Sloan School of Management

Prof. Edward Roberts, one of the area’s “most influential pioneers in entrepreneurship” known for his work “encouraging startups and increasing MIT’s role in the tech industry ecosystem,” has died at 88, reports Aaron Pressman for The Boston Globe. “There’s this narrative that you’re born to be an entrepreneur, and he did this research and debunked that,” explains Prof. Bill Aulet. “It’s impossible to go into entrepreneurship, especially in Boston, but even globally, without finding his influences.”

Senior Lecturer Luis Videgaray speaks with Government Technology reporter Nikki Davidson about concerns facing emerging AI programs and initiatives. Videgaray underscores the importance of finding vendors, "who are willing to protect the data in a way that is appropriate and also provides the state or local government agency with the required degree of transparency about the workings of the model, the data that was used for training and how that data will interact with the data supplied by the customer.”

A new study by Prof. Joseph Weber and his colleagues “attempts to understand how financial statement auditors detect, resolve, and deal with the aftermath of material misstatements (MMs) in companies’ financial statements,” reports Joseph Brazel for Forbes. 

Boston Globe reporter Michael Silverman spotlights the 18^th MIT Sloan Sports Analytics Conference. The conference focused on a, “diverse array of heady topics such as artificial intelligence, the globalization of soccer, the next phase of sports ownership, the evolutional of poker strategy,” writes Silverman, noting that “nearly every conversation on stage seemed to circle back to a shared belief that the momentum already carrying women’s sports is on the verge of a new surge.”

Writing for the Financial Times, Prof. Kristin Forbes delves into her new study examining how quantitative tightening (QT) programs impact markets. “QT programs have, so far, been working as central banks intended,” Forbes writes. “At the same time, they have provided a small degree of support for central banks’ efforts to tighten financial conditions, with minimal impact on market functioning and liquidity. QT has worked in the opposite direction to quantitative easing, but the effects are much, much more muted.”

Prof. Stuart Madnick speaks with CNBC reporter Kevin Williams about how the rise of generative AI technologies could lead to cyberattacks on physical infrastructure. “If you cause a power plant to stop from a typical cyberattack, it will be back up and online pretty quickly,” Madnick explains, “but if hackers cause it to explode or burn down, you are not back online a day or two later; it will be weeks and months because a lot of the parts in these specialized systems are custom made.”

Writing for The Hill, Prof. Christopher Knittel and graduate student Kailin Graham emphasize the importance of ensuring the transition away from fossil fuels is an equitable process that provides support for vulnerable workers. “If we’re serious about achieving a truly just transition, far more federal policy action is needed,” they write.

Writing for Forbes, Research Scientist, Christian Catalini, founder of the Cryptoeconomics Lab, discusses the future of crypto. “We've now been waiting for crypto's "killer app" for over a decade, just like AI was waiting for its ChatGPT moment,” writes Catalini. “By focusing on utility instead of speculation, crypto can finally deliver on its long-awaited promise.”

Prof. Emeritus Thomas Kochan speaks with Boston Globe reporter Katie Johnson about the impact of return-to-office mandates on employers and employees. “If Friday and Monday are strong preferences [to work remotely], you’re really risking alienating more people,” says Kochan.  “You can expect they’re going to lose some of their talent to employers that have more favorable hybrid arrangements.”

Senior lecturer Tara Swart speaks with Los Angeles Times reporter Deborah Netburn about healthy compartmentalization. Swart says “at its most useful, compartmentalization is the ability to acknowledge challenges in your personal circumstances or current events, and make a conscious decision to not allow those things to take over your thoughts and emotions,” writes Netburn. “But that doesn’t mean shutting out the world.”

MIT has been named to the number two spot in Times Higher Education’s world reputation rankings, reports Times Higher Education. MIT is “dedicated to the teaching of science and technology. The sheer number of Nobel laureates affiliated with the institution – an impressive 101 – reveals the caliber of MIT graduates,” Times Higher Education notes. “Scientific discoveries and technological advances to come out of the college include the first chemical synthesis of penicillin, the development of radar, the discovery of quarks and the invention of magnetic core memory, which aided the development of digital computers.”

In an article co-authored for The Economist, Senior Lecturer Donald Sull explores the impact of artificial intelligence and large language models (LLMs) on corporate company culture. “Leaders who do adopt AI for cultural insights can use these to make their employees happier, lower the odds of reputational disasters and, ultimately, boost their profits,” writes Sull. “Measurement is not the only piece of the ‘successful culture’ puzzle, but it is a crucial one. Culture has always been an enigma at the heart of organizational performance: undoubtedly important, but inscrutable. With AI, meaningful progress can be made in deciphering it.”

Prof. Arnold Barnett speaks with CNN reporter Jacopo Prisco about his forthcoming study examining the safety of air travel. “The main takeaway is that in the period between 2018 and 2022, the worldwide death risk per boarding was one in 13.4 million,” writes Prisco. “That means that if you picked a flight completely at random and just took it, your chance of dying in a plane crash or a terrorist act was about one in 13 million.”

A study by MIT researchers has uncovered an, “intricate relationship between jobs and the nation’s energy transition,” reports Kaleigh Harrison for Environment + Energy Leader. The study, “presents an unprecedented county-level examination of the U.S., identifying regions most intertwined with fossil fuels – ranging from intensive drilling and mining operations to heavy manufacturing sectors,” writes Harrison. “The findings underscore not only the expected impact on traditional energy bastions but also highlight the broader, often overlooked, implications for areas heavily invested in manufacturing.”

Researchers from MIT have found that our current retirement savings system “largely favors higher-income and white employees,” reports Remy Samuels for Plan Sponsor. The researchers concluded that “employer matching and tax benefits are more unequally distributed than wages,” explains Samuels. “While the median Black and Hispanic earners receive 75 cents and 79 cents, respectively, for every dollar of earnings received by the median white earner, median Black and Hispanic earners receive only about 50 cents for every dollar of matching contributions that median white earners receive.”