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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Threatened tariffs on Mexico, Canada and China could have a widespread impact on the industry, as could immigration restrictions, just as the environment normalizes.
With a new Trump administration coming into power next week, one of the biggest fears that businesses are waiting to hear about is tariffs. Unfortunately, there is a lot of misunderstanding regarding the effectiveness of tariffs to bring jobs back to America. There are many different economic studies that dispute this position. This article addresses the five myths that are most passed around.
By increasing transparency in food freshness, blockchain adoption could help retailers slash waste, maximize profits and reshape relationships with suppliers.
One is never far from a Dollar General in most North Carolina towns. North of Durham, for example, the Vance County seat of Henderson has six stores within a four-mile radius. The Granville County seat of Oxford and its 9,000 residents support four Dollar Generals, while Roxboro in neighboring Person County has a smaller population but still five stores within 10 miles.
The genetic testing company 23andMe, which holds the genetic data of 15 million people, declared bankruptcy on Sunday night after years of financial struggles. This means that all of the extremely personal user data could be up for sale—and that vast trove of genetic data could draw interest from AI companies looking to train their data sets, experts say.
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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