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MIT Sloan School of Management

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Bloomberg

A new working paper by MIT researchers finds that artificial intelligence is not currently a cost-effective replacement in jobs where computer vision is employed, reports Saritha Rai for Bloomberg. “Our study examines the usage of computer vision across the economy, examining its applicability to each occupation across nearly every industry and sector,” explains Research Scientist Neil Thompson, director of the FutureTech Research Project at CSAIL. “We show that there will be more automation in retail and healthcare, and less in areas like construction, mining or real estate.”

The Hill

Writing for The Hill, Prof. Arnold Barnett examines the safety of passenger flights. “The safety of flying in countries like the U.S. is the eighth wonder of the world,” notes Barnett. “Far from being nervous as we approach the airport, we should be awestruck that flying is so free of risk — and deeply grateful to those who have made it so.”

New Scientist

A new working paper by MIT researchers focuses on whether human work, including vision tasks, are worth replacing with AI computer vision, reports Jeremy Hsu for New Scientist. “There are lots of tasks that you can imagine AI applying to, but actually cost-wise you just wouldn’t want to do it,” says Research Scientist Neil Thompson, director of the FutureTech Research Project at CSAIL.

The Boston Globe

Researchers at MIT have released a new working paper that aims to quantify the severity and speed with which AI systems could replace human workers, reports Hiawatha Bray for The Boston Globe. The paper concluded that “it’s not enough for AI systems to be good at tasks not performed by people,” explains Bray. “The system must be good enough to justify the cost of installing it and redesigning the way a job is done.”

The Washington Post

Alicia Chong Rodriguez SM ’17, SM ’18 founded Bloomer Tech, a health tech startup that aims to improve health care diagnostics for women using medical-grade data to develop new therapies and care models, reports Carol Eisenberg for The Washington Post. Rodriguez and her colleagues "developed, patented and tested flexible washable circuits to turn articles of clothing into devices that can relay reams of information to the wearer’s smartphone,” writes Eisenberg.

Bloomberg

Bloomberg reporter Boyan Ivanchev spotlights research by Prof. Drazen Prelec and Prof. Duncan Simester that finds, “credit card buyers were willing to pay over 100% more for tickets, due to the behavioral pattern that psychologically causes the credit card buyer to perceive the purchase as a type of deferred payment, and therefore, not immediately feel the psychological discomfort, as when letting this amount go when paying cash.”

Fortune

Prof. Florian Berg speaks with Fortune reporter Paolo Confino about the future of ESG initiatives. “The problem is that companies and also investors are often not really honest about their intentions,” Berg says. “They might actually sell something that’s purely a profit-driven decision and then write it in a report as they’re doing a lot for society even though they’re just engaging in profit maximization.”

Bloomberg

Prof. Fiona Murray, associate dean for innovation and inclusion at MIT Sloan, speaks with Bloomberg Law reporter Lauren Castle about her recent study that found female PhD students are 17% less likely to become new inventors compared with their male counterparts. “What we can show is relative to the supply into Ph.D. programs, there’s still just this huge difference in the percentage of women on patents coming out of the labs than there are in the university,” says Murray.

Politico

Researchers at MIT and elsewhere developed an artificial intelligence predictive model that can be used to detect which strains of Covid-19 could become dominant and lead to a new wave of illness, reports Ruth Reader, Carmen Paun, Daniel Payne and Eric Schumaker for Politico. The model, “found three strong predictors of a dominant variant: the number of infections a strain causes in its first week relative to the number of times it appears in sequencing, the number of mutations in the spike protein, and the number of weeks since the current dominant variant began circulating,” they note.

STAT

Writing for STAT, Prof. Joseph Doyle addresses new research that suggests food “as medicine can improve health and lower health care costs.” “Researchers, clinicians and policymakers all share a common goal to fight food insecurity and improve population health,” writes Doyle. “Randomized clinical trials are key tools for discerning what works best, for whom and why, information that we should all be hungry for.”

US News & World Report

Sloan Senior Lecturer Robert (Bob) Pozen speaks with U.S. News & World Report reporter Geoff Williams about ways to create a healthy work-life balance. “Ironically, all of this technology has led, some people in some organizations, to think they have to be 'on' all the time and go from one meeting to another because it’s so easy to schedule it,” says Pozen. “You have to have ground rules.”

Fast Company

Writing for Fast Company, Lecturer Guadalupe Hayes-Mota '08, SM '16, MBA '16 shares three strategies that are reshaping access to healthcare and medicine, especially in low-and middle-income countries (LMICs). “Integrating local production enhancement, strategic partnership and pooled purchasing power represents a new dawn in global health care,” writes Hayes-Mota. “These innovative approaches are pivotal in making quality medicine and healthcare accessible to all, particularly LMICs.”

National Academy of Engineering

Lecturer Guadalupe Hayes-Mota '08, SM '16, MBA '16 writes for the National Academy of Engineering to discuss the importance of a “well-functioning healthcare supply chain.” “A connected supply chain represents a paradigm shift, offering the potential to revolutionize how drugs are developed, produced, and delivered to patients,” writes Hayes-Mota. “Embracing this approach can enhance drug delivery efficiency, ensure patient satisfaction, and ultimately contribute to a healthier and more prosperous global community.”

Marketplace

Prof. Zeynep Ton speaks with Marketplace host Meghan McCarty Carino about the impact of automation, such as self-service kiosks or chatbot customer service agents, on retail shopping. When thinking about self checkout stations and chatbots, Ton recommends companies evaluate whether the technologies can “improve value for the customer? And would this improve productivity for employees and make their jobs better so that they can serve the customers much better too.”