Business and management

Writing for Forbes, lecturer Guadalupe Hayes-Mota '08, SM '16, MBA '16 explores the role of artificial intelligence and biotechnology in transforming the healthcare industry specifically for venture capitalists (VCs). “The fusion of AI and biotechnology presents a wealth of opportunities for venture capitalists,” writes Hayes-Mota. “By staying attuned to emerging trends and adopting strategies for impactful investments, VCs can drive innovation and create transformative changes in healthcare.” 

Research Scientist Neil Thompson speaks with New York Times reporter Hank Sanders about the economic and social impact of AI technology in the fast-food industry. Thompson explains that “voice A.I. is inaccurate often enough that it requires some level of human oversight, which decreases cost savings,” writes Hank.

Prof. Stuart Madnick speaks with CNBC reporter Trevor Laurence Jockims about the importance of embedding cybersecurity into company culture. “Cybersecurity has to be in the culture of the organization,” says Madnick. “Corporate culture prioritizes other things over security and risk management.”

“We know the movie and we know how it ends,” said Squawk Box host Andrew Ross Sorkin during an interview with Prof. Eric So, referencing a resurgence of the late 2020 meme stocks craze. “Stock prices move to business fundamentals but they also move to waves of market sentiment which reflect market demand but have little to do with fundamentals,” So comments. 

TechCrunch reporter Ron Miller highlights MIT’s role as a driving force behind the Greater Boston area’s success as a hub for startups. Emily Knight, president of The Engine Accelerator, notes that universities are breeding grounds for new ideas. “There is a lot of research and a lot of infant innovation being translated into companies coming out of these [Greater Boston area] universities,” Knight explains.  

The Sloan School of Management hosted the “Creating Opportunities for Second Chance Hiring” conference to explore ways to “reduce barriers and increase opportunities for job seekers with a criminal history,” reports Paul Singer for GBH.

Senior lecturer Renée Richardson Gosline speaks with Boston Globe reporter Maddie Khaw about new marketing strategies and how they are being used to promote the latest water bottle trends.  “If you can get the right influencer to talk about your stuff, you’ve got more targeted communications,” says Gosline. “What people buy has started to replace a sense of social connection and identity that is missing for many people.”

Forbes reporter Oludolapo Makinde spotlights research by Prof. Daron Acemoglu and Prof. Simon Johnson that explores the impact of AI on the workforce. “Instead of aiming to create artificial superintelligence or AI systems that outperform humans, [Acemoglu and Johnson] propose shifting the focus to supporting workers,” writes Makinde.

A new report by researchers from MIT and Boston Consulting Group (BCG) has uncovered “how AI-based machine learning and predictive analytics are super-powering key performance indictors  (KPIs),” reports Sheryl Estrada for Fortune. “I definitely see marketing, manufacturing, supply chain, and financial folks using these value-added formats to upgrade their existing KPIs and imagine new ones,” says visiting scholar Michael Schrage.

Prof. David Autor speaks with Bloomberg’s Odd Lots podcast hosts Joe Weisenthal and Tracy Alloway about how AI could be leveraged to improve inequality, emphasizing the policy choices governments will need to make to ensure the technology is beneficial to humans. “Automation is not the primary source of how innovation improves our lives,” says Autor. “Many of the things we do with new tools is create new capabilities that we didn’t previously have.”

Prof. David Autor and Prof. Daron Acemoglu speak with New York Times columnist Peter Coy about the impact of AI on the workforce. Acemoglu and Autor are “optimistic about a continuing role for people in the labor market,” writes Coy. “An upper bound of the fraction of jobs that would be affected by A.I. and computer vision technologies within the next 10 years is less than 10 percent,” says Acemoglu.

Bloomer Tech, a health tech startup founded by Alicia Chong Rodriguez SM ‘17, SM ’18, is working to “address the gender gap in health care, which has led to less clinical trial representation and fewer resources to diagnose and treat women with various diseases,” reports Steph Solis for Axios. The startup is prepared “to launch a clinical trial for bras that could help detect heart irregularities and other conditions that can lead to heart disease,” writes Solis.

Washington Post columnist Eduardo Porter spotlights various MIT research efforts aimed at ensuring that AI is used to empower human workers rather than replace them. Prof. David Autor notes: “AI, if used well, can assist with restoring the middle-skill, middle-class heart of the U.S. labor market that has been hollowed out by automation and globalization.”

Writing for The Wall Street Journal, Prof. Stuart Madnick explains the growing risk of cybersecurity attacks and how to address them. “In many cases, companies fall victim to these attacks because they aren’t aware of the risks that they are taking, such as not confirming the quality of a vendor’s security or monitoring whether their outgoing data traffic is being transferred to improper destinations,” writes Madnick. “Organizations can, and must, do these things better to stop the continued rise in data breaches.”

Writing for The Wall Street Journal, Keri Pearlson, executive director of Cybersecurity at MIT Sloan, and Jeffrey Proudfoot, a research affiliate with Cybersecurity at MIT Sloan, make the case that while board members are increasingly being tasked with a company’s cybersecurity strategy, they are often not prepared to deal with attacks. “With the increasing mandate on boards to serve as the strategic cybersecurity guards of their companies, more needs to be done to guard the guards themselves,” they write.