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A study by assistant professor Chloe Xie and co-author suggested that generative AI is more likely to enhance accountants' productivity than eliminate them. Their findings indicate that professionals using AI tools can support more clients, close books faster, and improve service quality.

Institute Professor Daron Acemoglu wrote: "Regardless of what one thinks of current AI capabilities, there is little doubt that who controls AI in the future will have momentous implications for democracy, business, communication, and privacy. Many in the industry may interpret the Anthropic ban to mean that the US government, not the private sector, will control AI."

Global oil futures surged the most in four years Monday, rising as much as 14%. The price of crude accounts for about half of how much motorists pay at the pump. And when oil rises quickly, gasoline prices tend to follow suit. "It's the rockets and feathers effect," said professor Christopher Knittel, associate dean for climate and sustainability. "When things are going up — they go up fast."

Research scientist Christian Catalini said: "Not just Meta, but also Google, Apple, all of them will be using multiple providers, as is the case when they do disbursements of payments. I would expect the market to be commodified in the future, rather than a branded stablecoin. In a sense, it's a sign that the market has matured."

Professor Simon Johnson, Institute Professor Daron Acemoglu, and MIT professor David Autor joined a webinar to discuss their new paper "Building pro-worker AI." "We are not currently on the pro-worker AI path and that's unfortunate, it's regrettable, it's avoidable, and we're working hard to try and get us onto a much more pro-worker path," said Johnson.

Co-founded by Daryl Morey (MBA '00), the two-day conference has become a place where companies across the sports industry have found future employees among the MIT Sloan School of Management students that help plan and run it.