Prof. David Autor speaks with Greg Rosalsky of NPR’s Planet Money about the potential benefits and downsides of AI, sharing his hope that with the right policies in place to help prepare workers AI could be harnessed to help “reinstate the middle class.” Says Autor: "Basically, the middle-skilled workers of the future could be people who have foundational skills in healthcare, in the trades, in travel and services. Then, with the help of AI, they could get really good at these jobs.”
Prof. James Poterba, president of the National Bureau of Economic Research and a member on the Business Cycle Dating Committee, speaks with NBC Boston reporter Annie Nova about the practice of dating economic downturns. Poterba notes that examining economic fluctuations “helps to design policy going forward. It enables us to look back and say, for example, what are the consequences of interest rate increases?”
Prof. David Singer speaks with Bloomberg reporter Max Abelson about banking crises. “The recipe for stability is to have well-capitalized, risk-averse banks,” says Singer. “But banks won’t naturally gravitate toward such behavior. They need thorough and steady regulation that doesn’t ease up when the economy is humming.”
Prof. Aleksander Mądry’s testimony before a House subcommittee was highlighted by Politico fellow Mohar Chatterjee in a recent newsletter exploring how large tech companies are dominating how generative AI technologies are developed and utilized. During his testimony, Mądry emphasized that “very few players will be able to compete, given the highly specialized skills and enormous capital investments the building of such systems requires.”
MIT researchers have found that by “encouraging strategic EV charging placement, rather than allowing EV chargers to be situated merely due to charging company convenience or preferences” it may be possible to “mitigate or eliminate EV charging problems without the need for advanced technological systems of connected devices and real-time communications, which could add to costs and energy consumption,” reports Carolyn Fortuna for CleanTechnica.
MIT researchers have found that placing EV charging stations in strategic locations and setting up charging systems to initiate charging at delayed times could help reduce the impact of EVs on the electrical grid, reports Michael Schoeck for PV Magazine.
Prof. Simon Johnson speaks with Boston Globe reporter Kara Miller about the safety of the U.S. banking system. “Johnson argues that more oversight and regulation are critical to making sure the banking system operates smoothly, even though increased regulations might provoke resistance,” writes Miller.
MIT scientists have found that delayed charging and strategic placement of EV charging stations could help reduce additional energy demands caused by more widespread EV adoption, reports Grace Carroll for Fast Company. “Leveraging these two strategies together significantly eliminates any additional energy demands,” writes Carroll, “and can be tailored to specific local conditions to help cities meet their decarbonization goals.”
Prof. Simon Johnson writes for The Los Angeles Times about the impact of government support during a financial crisis. “The immediate banking crisis may have been tempered, but it isn’t over,” writes Johnson. “As concerns about moral hazard rise again in Europe, will European regulators succumb to the temptation to make an example of some bank or other? One thing is certain: What they do will have global consequences, including for the U.S., and we will need to be prepared for them.”
A new study by MIT researchers finds that strategic placement of EV charging stations and creating systems to help stagger charging times could help reduce or eliminate the need for new power plants to handle the impact of EV charging on the grid, reports Sharon Udasin and Saul Elbein for The Hill. The researchers found that “better availability of charging stations at workplaces could help take advantage of peak power being produced midday by solar energy facilities.”
Researchers at MIT developed a system that uses artificial intelligence to help predict future risk of developing breast cancer, reports Poppy Harlow for CNN. What this work does “is identifies risk. It can tell a woman that you’re at high risk for developing breast cancer before you develop breast cancer,” says Larry Norton, medical director of the Lauder Breast Center at the Memorial Sloan Kettering Cancer Center.
Prof. Emeritus Peter Diamond speaks with Boston Globe reporter Scot Lehigh about the future of Social Security. “Given the large past differences in the approaches of the two parties, it is important that citizens press members of Congress to be specific about their views on fixing the program,” says Diamond. “And it’s just as important that voters let their members of Congress know their own views.”
A new report co-authored by MIT researchers finds that the “US lead in advanced computing has declined significantly over the past five years—especially when measured against China,” writes Will Knight for Wired. The report’s authors emphasize that the US “needs to make sure that the CHIPS Act spending reflects the importance of developing novel ideas in advanced computing, as opposed to just propping up existing technologies,” Knight notes.
In an article for The Hill, Vincent Quan, co-executive director of J-PAL North America, outlines how new governors should rely on evidence when investing in government programs. “Governors should invest in programs that are most likely to improve the lives of their constituents,” writes Quan. “However, determining which programs work and which do not is far easier said than done. Not all programs work as intended.”
Writing for The Hill, President L. Rafael Reif emphasizes the importance of “enabling universities to undertake the use-inspired research that will seed future innovations.” He adds: “To secure national leadership and prosperity over time, the U.S. needs to be the birthplace of the new ideas that will determine the future — including the future of semiconductor technology, design, and manufacturing.”