BALTIMORE, MD, April 1, 2025 – Can we really trust AI to make better decisions than humans? A new study says … not always. Researchers have discovered that OpenAI’s ChatGPT, one of the most advanced and popular AI models, makes the same kinds of decision-making mistakes as humans in some situations – showing biases like overconfidence of hot-hand (gambler’s) fallacy – yet acting inhuman in others (e.g., not suffering from base-rate neglect or sunk cost fallacies).
You are swimming in an ocean of data and don’t even realize it. All around you are invisible amounts of data that would be staggering to try to comprehend. Thousands of smartphones and smart devices are talking to, sending and downloading vast amounts of data, video, audio, words, numbers, images, you name it. Everything from the latest movie on Netflix to someone’s radiology results from a cancer screening.
Mom-and-pop businesses are trying to adapt to the soaring cost of eggs. The owners of four egg-centric restaurants across the country show how they are coping with this threat to their livelihoods.
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With the tax deadline approaching, many people are resorting to AI-powered Large language models (LLM) to file their returns, per a new survey by CardRates.com. Nearly 1 in 5 Americans would trust ChatGPT, the AI Chatbot by OpenAI, to review taxes with 14% of the respondents saying that they have used it already, the survey said.
BALTIMORE, MD, April 15, 2024 – INFORMS, the largest association for the decision and data sciences, announced it has awarded Molslinjen its 2024 Franz Edelman Award for Achievement in Advanced Analytics, Operations Research and Management Science, for its use of operations research (O.R.) to enhance data-driven ferry operations.
BALTIMORE, MD, April 15, 2024– INFORMS, the largest association for the decision and data sciences, has awarded JD.com, a leading supply chain-based technology and service provider, with the 2024 INFORMS Prize, for unparalleled dedication to utilizing operations research (O.R.) and analytics in its organizational structure to ensure a more efficient, responsive, and consumer-centric supply chain.
BALTIMORE, MD, April 15, 2024 – INFORMS, the largest association for the decision and data sciences, has awarded the University of South Carolina (USC), Management Science Department, the 2024 UPS George D. Smith Prize. The award recognizes excellence in preparing students to become practitioners of operations research and analytics.
BALTIMORE, MD, April 15, 2024 – INFORMS, the largest association for the decision and data sciences, has awarded the inaugural INFORMS Early Career Practitioner Award to Cristiana Lara, a senior research scientist with Amazon. She is being recognized for her exceptional contributions to business/industry, government and consulting, and service to the operations research and analytics profession.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
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Analytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
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