What do we know about the economics of AI?

For all the talk about artificial intelligence upending the world, its economic effects remain uncertain. There is massive investment in AI but little clarity about what it will produce. Examining AI has become a significant part of Nobel-winning economist Daron Acemoglu’s work. An Institute Professor at MIT, Acemoglu has long studied the impact of technology…

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MIT affiliates named 2024 Schmidt Futures AI2050 Fellows

Five MIT faculty members and two additional alumni were recently named to the 2024 cohort of AI2050 Fellows. The honor is announced annually by Schmidt Futures, Eric and Wendy Schmidt’s philanthropic initiative that aims to accelerate scientific innovation.  Conceived and co-chaired by Eric Schmidt and James Manyika, AI2050 is a philanthropic initiative aimed at helping…

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Study: Some language reward models exhibit political bias

Large language models (LLMs) that drive generative artificial intelligence apps, such as ChatGPT, have been proliferating at lightning speed and have improved to the point that it is often impossible to distinguish between something written through generative AI and human-composed text. However, these models can also sometimes generate false statements or display a political bias….

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