News Room

Machine learning can be an effective tool to set competitive prices. Artificial intelligence has its limits on how to set the most effective prices due to variables beyond the seller's control. Over the long term supracompetitive pricing can result. Machine learning and artificial intelligence (AI) are perfectly suited to help companies and marketers monitor and set prices based on real-time dynamic pricing. But new research has identified some possible unintended consequences of AI in this area. 

The race is on to curb the spread of Covid-19 and protect the health-care services in the United States from being overrun. Secretary of Health and Human Services Alex Azar announced today that the government will no longer hold vaccine stocks in reserve for Americans’ second doses. More vaccine supply seems like a good idea, but the decision is risky. Azar’s decision puts him in agreement with President-elect Joe Biden, who had already planned to release the stockpile after the Inauguration next week. The two vaccines authorized in the U.S. both require recipients to get a second shot within a few weeks of the first one, and Azar had previously said that due to concerns over manufacturing and the risk of undermining public confidence, it was better to to hold back half of the doses. That, apparently, has changed.

Every day, news broadcasts in Illinois and around the country report new COVID-19 cases and deaths. These broadcasts play out like a horror movie, with progressively worse outcomes each day and new records being set. At some point, most people become insensitive to all the bad numbers reported, except those like health care workers in the trenches treating COVID-19 patients, or morticians managing COVID-19 deaths. They need no news reports to tell them the state of COVID-19.

An article that appeared in the Los Angeles Times on May 5 inspired a new partnership to help get food to Angelenos in need. Reporter Kevin Rector’s story, Rotting food. Hungry masses. Chaotic supply chains. Coronavirus upends the U.S. food system, detailed how the country’s food industry was flipped on its head by the COVID-19 pandemic. It included an interview with Chris Tang, a supply chain expert and professor at the UCLA Anderson School of Management. Tang explained that billions of dollars of food was being left to rot on California farms at the same time that area food banks were seeing demand soar.

As of Tuesday, Georgia is the fourth slowest state in the United States when it comes to providing people the COVID-19 vaccine. That is some progress after the Peach State fell dead last nationwide on Monday afternoon. According to a map from the Centers for Disease Control and Prevention, Georgia shows the rate of vaccinations is around 1,607 vaccinations per 100,000 residents. In comparison, Florida, just next door, which is also currently vaccinating those age 65 and older, is vaccinating people at a rate of 2,949 per 100,000 residents. From public health experts to state representatives like Democratic state Sen. Nan Orrock, the common reaction is that Georgia should be doing better.