Press

In this Bloomberg Balance of Power televised interview, professor of the practice Gary Gensler said: "The American public and the worldwide public has been fascinated with cryptocurrencies. But it is a highly speculative, volatile asset. The investing public needs to be aware of the risks in this highly volatile space."

Bitcoin's design is simple. A fixed supply cap of 21 million coins, a predetermined issuance schedule, and proof-of-work securing the chain. It is digital scarcity in its purest form. Research scientist Christian Catalini frames it clearly in "Some Simple Economics of Stablecoins:" Bitcoin's supply expands "slowly and predictably in the short run" and is "capped in the long run," meaning demand shocks "directly translate into sharp fluctuations in its price."

Social media platforms are saturated with career content but more advice hasn't made career decisions easier; it's made them more overwhelming. According to an article by principal research scientist George Westerman and Abbie Lundberg, editor in chief of MIT Sloan Management Review, 67% of individual contributors surveyed said they want to advance their career, but 49% said a lack of good career advice has hurt their job trajectory.

Institute Professor Daron Acemoglu argues the productivity gains from generative AI will be far less and take far longer than AI optimists think. The reason is that although the technology is impressive in many ways, it is too narrowly focused on ChatGPT and other products that have little relevance to the largest business sectors.

A recent working paper by MIT Sloan associate professor Lawrence Schmidt and co-authors revealed that in some instances, roles declined by 14% if AI could perform much of the job's requirements. The report also underscored that automation had a significant impact, changing the face of positions such as management analysts, aerospace engineers, and computer scientists.

The 18-governments agreement pushes carbon pricing into a global spotlight, said professor Catherine Wolfram. "It reminds us in the U.S. that carbon pricing is not dead. In fact, it's alive and well," Wolfram said. The new coalition "centers carbon pricing in a way that we haven't seen."