Algorithm Quickly Simulates a Roll of Loaded Dice The fast and efficient generation of random numbers has long been an important challenge. For centuries, games of chance have relied on the roll of a die, the flip of a coin, or the shuffling of cards to bring some randomness into […]

Study finds manufacturing companies that are quick to automate can thrive, but overall employment drops. Overall, adding robots to manufacturing reduces jobs — by more than three per robot, in fact. But a new study co-authored by an MIT professor reveals an important pattern: Firms that move quickly to use robots tend […]

The Canadian Space Agency (CSA) has a long-standing tradition of innovation and technological development in space. Who can forget the Shuttle Remote Manipulator System (SRMS), more familiarly known as the “Canadarm“, which was essential to the Space Shuttle program? How about its successor, the Canadarm2, which is a crucial part of the International […]

Looking a bit like a bowl of spaghetti, this map shows the general scheme of the US stock market — formally known as the National Market System — as described by a team of scientist at the University of Vermont and The MITRE Corporation. Spread out between four communities in northern […]

Study links rise in bureaucracy — now 34.2% of health spending — to surging overhead of private insurers; cutting US administrative costs to Canadian levels would have saved more than $600 billion in 2017. A study published on January 6, 2020, in the Annals of Internal Medicine finds that health care bureaucracy cost Americans […]

An automated machine-learning model developed by MIT researchers significantly outperforms human Wall Street analysts in predicting quarterly business sales. Using limited data, this automated machine-learning system predicts a company’s quarterly sales. Knowing a company’s true sales can help determine its value. Investors, for instance, often employ financial analysts to predict […]