MIT Initiative on the Digital Economy

🚨New IDE Newsletter: Special Research Edition This edition highlights groundbreaking research from our experts tackling today’s most pressing challenges: ✨ #AI and the #Economy: MIT Sloan School of Management Professor, Eric So explores how AI efficiencies in #healthcare could shrink the U.S. deficit by 1.5% of GDP by 2044. ✨ #Misinformation & Fake News: Sloan Professor and MIT Initiative on the Digital Economy Research Group Lead, David Rand reveals how “smart” vs. “green” branding affects consumer behavior and carbon emissions. ✨ LaborMarket Innovation: Sloan Professor and IDE Research Group Lead, John Horton investigates ways to reduce congestion in online #jobmarkets for better matches. 🎉 Plus, don’t miss our MIT AI Negotiation Competition—link to apply inside! Dive into the full research and more in this special issue!

🚀 The first-ever MIT AI Negotiation Competition has arrived! Calling #innovators and #strategists: This is your chance to design AI-powered agents that push the boundaries of #negotiation. 📋 The challenge - Create negotiation bots that excel at: Value creation: Expanding the pie Value claiming: Advocating for your share Subjective value: Leaving a lasting impression 🏆 What’s at stake? Recognition on the #MIT competition website Access to Mastering Negotiation Skills with #AI, an exclusive MIT Sloan School of Management training Free admission to the MIT-Harvard PON AI Negotiation Summit Plus, compete in the exciting Bot vs. Human Negotiation Showdown 🌐 Open to participants worldwide, the competition is fully virtual. Deadline to apply: January 3, 2025. Join us in shaping the future of #AI and negotiation. Apply today: https://lnkd.in/evHey6ej 📩 Questions? Contact the MIT AI Negotiation Team at ai.negotiation@mit.edu.

Are you ready to lead the way in AI innovation? The 𝗳𝗶𝗿𝘀𝘁-𝗲𝘃𝗲𝗿 𝗠𝗜𝗧 𝗔𝗜 𝗡𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗶𝗼𝗻 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻 is here, inviting you to create negotiation bots that advance the art and science of negotiation! Design prompts for AI-powered agents to excel in: 𝗩𝗮𝗹𝘂𝗲 𝗰𝗿𝗲𝗮𝘁𝗶𝗼𝗻: Expanding the pie 𝗩𝗮𝗹𝘂𝗲 𝗰𝗹𝗮𝗶𝗺𝗶𝗻𝗴: Advocating for your share 𝗦𝘂𝗯𝗷𝗲𝗰𝘁𝗶𝘃𝗲 𝘃𝗮𝗹𝘂𝗲: Leaving a lasting impression Top performers will earn: 🏆 Recognition on our website 🎓 Access to Mastering Negotiation Skills with AI, a cutting-edge MIT Sloan training program 🎟️ Free admission to the MIT-Harvard PON AI Negotiation Summit Plus, you’ll compete in a thrilling 𝗕𝗼𝘁 𝘃𝘀. 𝗛𝘂𝗺𝗮𝗻 𝗻𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗶𝗼𝗻 𝘀𝗵𝗼𝘄𝗱𝗼𝘄𝗻, with additional prizes awarded to the best human negotiators! The competition is entirely online, so you can join from anywhere! 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗰𝗹𝗼𝘀𝗲 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟯, 𝟮𝟬𝟮𝟱. Don’t miss this opportunity to innovate, compete, and connect with a global community. 𝗔𝗣𝗣𝗟𝗬 𝗡𝗢𝗪 to be part of this groundbreaking journey: https://lnkd.in/e-DKaUVM Also see link in comments. Questions? Contact the MIT AI Negotiation Team ai.negotiation@mit.edu #negotiation #ai #mit #competition

It’s not hard to find headlines that suggest artificial intelligence is taking over the business world, but the reality looks different. A working paper about early adoption of AI in the U.S. from Kristina McElheran, a visiting scholar with the MIT Initiative on the Digital Economy, and the National Bureau of Economic Research provides a more nuanced look at which companies are adopting AI, where they are located, and what technologies they are using.

We’re thrilled to see the MIT Initiative on the Digital Economy’s recent BIG AI@MIT conference featured in the latest MIT Sloan School of Management, AI at Work newsletter! A big thank you to Sara Brown for covering the event and amplifying conversations around questions like: ✅ How can businesses overcome data challenges? ✅ What does ethical AI look like, and how do we measure fairness? ✅ Which human skills will matter most in the AI era? Access the full issue and subscribe to #AI at Work: https://lnkd.in/e5kvxc25

Starting in February, I'm going to be co-teaching a new course at MIT Sloan, Generative AI Action Learning Lab, along with Tim Valicenti and Michiel Bakker. During the course, groups of 3-4 MIT students will work all semester on an organization-sponsored project around Generative AI. We have a very exciting collection of projects across a variety of industries. We are currently recruiting **volunteer mentors** to advise teams. A technical background or even a focus on AI is not required---industry experience and a desire to mentor students is what we're seeking. The formal expectation is that you would mentor students once a week for 25 minutes. However, mentors are welcome to come to class and will have access to our (excellent) teaching materials. It's also a great way to quickly learn about a wide variety of use cases, applications and challenges. We're particularly interested in Boston-based folks and Sloan alumni who would like to strengthen their relationship to MIT. If you'd like to be considered, please fill out this form: https://lnkd.in/ejYSFC8B.

Congratulations to the 2024 MIT Analytics Lab winning team, Vitalytics, representing Sanofi. Special thanks to our all-star panel of judges, Renée Richardson Gosline, Tod Loofbourrow, and Michael Schrage. Congratulations to the runner up, AnalytiXAvengers, representing Gordian, the 3rd place team, Deeponsight, representing Cognira, and all of the 21 projects and companies represented!

🚩One of the most fun and enlightening panels I've ever moderated. Here's me talking to Sendhil Mullainathan Susan Athey and Daniela Rus about the Future of AI and implications for Research, Knowledge, Competition and more... Hope you enjoy it as much as I did! youtu.be/y_GDwmP3nxE?si…

If you are actively pursuing new AI use cases in your organization, you are part of a cohort of leaders across all industries. In fact, 82% of C-suite leaders in a recent MIT Technology Review Insights survey said that “scaling AI or generative AI use cases to create business value is a top priority for our organization.” And 80% of chief data officers believe generative AI will transform their business environment, according to work from Tom Davenport, a visiting scholar at the MIT Initiative on the Digital Economy. At MIT Sloan, our faculty members and researchers are exploring AI from every angle that matters to leaders — data integration, workforce development, change management, organizational culture, entrepreneurial opportunity, and ethical and regulatory implications, among others. Their work is yielding crucial insights organizations will need as AI — and especially generative AI — reshapes our industries and our work. The five articles in this report will help you craft a strategic approach to leading and managing with AI in your organization.

Join us for our final MIT Initiative on the Digital Economy lunch seminar of the Fall semester next Wednesday, December 4, with wensu li for her talk, "Full vs. Partial Automation: An Economic Analysis of AI Computer Vision's Impact on Jobs." Join in person or online - free and open to all! In person registration: https://lnkd.in/egZhR5Bu Online registration: https://lnkd.in/esrcb_q5