The Wharton School has announced the establishment of Wharton AI for Business, which will inspire cutting-edge teaching and research in artificial intelligence, while joining with global business leaders to set a course for better understanding of this nascent discipline.
“The advances made possible by artificial intelligence hold the potential to vastly improve lives and business processes,” says outgoing Wharton Dean Geoff Garrett. “Our students, faculty, and industry partners are eager to join in our AI knowledge creation efforts to more deeply explore how machine learning will impact the future for everyone.”
Operating within Analytics at Wharton and led by faculty member Kartik Hosanagar, the John C. Hower Professor of Operations, Information and Decisions, AI for Business will explore artificial intelligence’s applications and impact across industries.
Hosanagar is renowned for his AI research and instruction. He is the author of the book, “A Human’s Guide to Machine Intelligence: How Algorithms Are Shaping Our Lives and How We Can Stay in Control” and created the first Wharton online courses on AI, Artificial Intelligence for Business. Hosanagar has also founded or advised numerous startups in online marketing and retail, including Yodle and Milo.
“Our students and professors are energized by the idea that AI is influencing nearly every aspect of humanity, and our efforts to understand it can make a difference for years to come,” he says. “I’m very excited to help lead AI for Business since the future of machine learning is happening now—there are unlimited entry points for experiential learning to explore the topic.”
The launch of AI for Business is made possible by a $5 million gift from Tao Zhang and his wife Selina Chin, the Wharton alumni couple who founded the food delivery app Dianping and run the Singapore-based Blue Hill Foundation.
“Selina and I share experience and interest in management, tech, startups, and opportunities for leadership in global business, which comes together in AI,” says Zhang. “Wharton is the ideal setting for us to enable these experiences for such talented students and renowned faculty. We are proud to be engaged with the School and to be a part of jump-starting AI for Business.”
“We are deeply grateful to Tao and Selina for so generously enabling us to explore this opportunity and get AI for Business underway,” says Garrett.
Earlier this year, Hosanagar launched one of the leading online courses in the AI space, the highly popular Artificial Intelligence for Business, offered by Wharton Online.
Hosanagar spoke to Penn Today about what he sees happening with AI in business, especially in light of the coronavirus pandemic.