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.
FutureTech researcher Tamay Besiroglu speaks with New Scientist reporter Chris Stokel-Walker about the rapid rate at which large language models (LLMs) are improving. “While Besiroglu believes that this increase in LLM performance is partly due to more efficient software coding, the researchers were unable to pinpoint precisely how those efficiencies were gained – in part because AI algorithms are often impenetrable black boxes,” writes Stokel-Walker. “He also points out that hardware improvements still play a big role in increased performance.”
A number of MIT faculty and alumni – including Prof. Daniela Rus, Prof. Regina Barzilay, Research Affiliate Haddad Habib, Research Scientist Lex Fridman, Marc Raibert PhD '77, former Postdoc Rana El Kaliouby and Ray Kurzweil '70 – have been named key figures “at the forefront of Boston’s AI revolution,” reports Wyndham Lewis for Boston Magazine. These researchers are “driving progress and reshaping the way we live,” writes Lewis.
MIT researchers have developed a new technique that uses a large language model to allow robots to self-correct after making a mistake, reports Brian Heater for TechCrunch. “Researchers behind the study note that while imitation learning (learning to do a task through observation) is popular in the world of home robotics, it often can’t account for the countless small environmental variations that can interfere with regular operation, thus requiring a system to restart from square one,” writes Heater. “The new research addresses this, in part, by breaking demonstrations into smaller subsets."
In an article for Forbes, Sloan Research Scientist Ranjan Pal and Prof. Bodhibrata Nag of the Indian Institute of Management Calcutta highlight the risks associated with the rise of Internet of things-driven smart cities and homes. “Unlike traditional catastrophic bond markets, where the (natural) catastrophe does not affect financial stability, a cyber-catastrophe can affect financial stability,” they write. “Hence, more information is needed by bond writing parties to screen cyber-risk exposure to guarantee no threat to financial stability.”
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.
MIT researchers have found that “when an AI tool for radiologists produced a wrong answer, doctors were more likely to come to the wrong conclusion in their diagnoses,” report Daniel Payne, Carmen Paun, Ruth Reader and Erin Schumaker for Politico. “The study explored the findings of 140 radiologists using AI to make diagnoses based on chest X-rays,” they write. “How AI affected care wasn’t dependent on the doctors’ levels of experience, specialty or performance. And lower-performing radiologists didn’t benefit more from AI assistance than their peers.”
Alumnus Benjamin Rapoport co-founded Precision Neuroscience, a brain-computer interface company, that is developing technology that will allow “paralyzed patients the ability to operate a computer with their thoughts,” reports Jo Craven McGinty for The Wall Street Journal. “In order to be a citizen of the world in 2024, to communicate with loved ones, to make a living, the ability to work with a digital system is indispensable,” says Rapoport. “To operate a word processor is totally transformative.”
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.”
Prof. Pulkit Agrawal and graduate student Gabriel Margolis speak with The Economist’s Babbage podcast about the simulation research and technology used in developing intelligent machines. “Simulation is a digital twin of reality,” says Agrawal. “But simulation still doesn’t have data, it is a digital twin of the environment. So, what we do is something called reinforcement learning which is learning by trial and error which means that we can try out many different combinations.”
Prof. Thomas Malone speaks with Poets & Quants for Executives reporter Alison Damast about the executive education course he teaches with Prof. Daniela Rus that aims to provide senior-level managers with a better sense of how AI works. “We are certainly not trying to teach people to understand the details of how to write AI programs, though some of those in the course may know that already,” Malone says. “What we are trying to do is give them a sense of when it is easy and when it is hard to use AI technology at various times for different kinds of business applications.”
Mashable reporter Adele Walton spotlights Joy Buolamwini PhD '22 and her work in uncovering racial bias in digital technology. “Buolamwini created what she called the Aspire Mirror, which used face-tracking software to register the movements of the user and overlay them onto an aspirational figure,” explains Walton. “When she realised the facial recognition wouldn’t detect her until she was holding a white mask over her face, she was confronted face on with what she termed the ‘coded gaze.’ She soon founded the Algorithmic Justice League, which exists to prevent AI harms and increase accountability.”
Writing for Fast Company, Senior Lecturer Guadalupe Hayes-Mota '08, SM '16, MBA '16 shares methods to address the influence of AI in healthcare. “Despite these advances [of AI in healthcare], the full spectrum of AI’s potential remains largely untapped,” explains Hayes-Mota. “Systemic hurdles such as data privacy concerns, the absence of standardized data protocols, regulatory complexities, and ethical dilemmas are compounded by an inherent resistance to change within the healthcare profession. These barriers underscore the urgent need for transformative action from all stakeholders to fully harness AI’s capabilities.”
A new study conducted by researchers at MIT and elsewhere has found large language models (LLMs) can be used to predict the future as well as humans can, reports Chris Stokel-Walker for Fast Company. “Accurate forecasting of future events is very important to many aspects of human economic activity, especially within white collar occupations, such as those of law, business and policy,” says postdoctoral fellow Peter S. Park.