Prof. Sinan Aral speaks with Yahoo! Finance Live host Julie Hyman about President Biden’s executive order on artificial intelligence regulation. “This is big, it's bold, it's broad,” says Aral. “It has a number of provisions. It has provisions for safety, for privacy, for equity, for workers, for competition and innovation, and leadership abroad. And it really targets those foundation models, the big AI companies in terms of their safety and security standards.”
President Biden has awarded Prof. Emeritus Subra Suresh ScD '81, the former dean of the MIT School of Engineering, the National Medal of Science for his “pioneering research across engineering, physical sciences, and life sciences,” reports Alexa Gagosz for The Boston Globe. Prof. James Fujimoto '79, SM '81, PhD '84, research affiliate Eric Swanson SM '84, and David Huang '85, SM '89, PhD '93 were awarded the National Medal of Technology and Innovation, “the nation’s highest award for technical achievement.”
Writing for The Hill, President L. Rafael Reif and Stephen A. Schwarzman, chairman, CEO & co-founder of Blackstone, praise the new “CHIPS and Science Act” and highlight the need for further action on the ‘Science’ part of the law. “We urge Congress to capitalize on this bipartisan momentum and appropriate the funds that the bill authorizes,” they write. The nation's "future competitiveness, prosperity and security all rely on technological leadership. To sustain its strength in the long term, the U.S. needs to invent and manufacture the next new technologies.”
Institute Professor Paula Hammond, head of MIT’s Department of Chemical Engineering, has been selected to serve on the President's Council of Advisors on Science and Technology, “a group of external advisers tasked with making science, technology and innovation policy recommendations to the White House and the president,” reports Alexis Gravely for Inside Higher Ed. Professors Maria Zuber, MIT vice president for research, and Eric Lander, the president’s science adviser and director of the White House Office of Science and Technology Policy, are two of the co-chairs for the council.
Bloomberg reporter Benjamin Bain writes that Prof. Gary Gensler has been confirmed as the new head of the Securities and Exchange Commission. Bain writes that Gensler is “poised to confront everything from the fallout of the GameStop Corp. trading frenzy to the deluge of special purpose acquisition companies and the collapse of Archegos Capital Management.”
Reuters reporter Trevor Hunnicutt spotlights how Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, has been tapped by the Biden administration to serve on the National Economic Council.