The Wharton School announces its new undergraduate concentration and MBA major titled “Artificial Intelligence for Business,” effective this fall. Jointly managed by the Statistics and Data Science and Operations, Information and Decisions Departments, the program aims to equip students with skills to handle AI’s transformative potential and risks, emphasizing ethics and responsible governance.
In a significant leap into the future, the Wharton School unveils its new undergraduate concentration and MBA major entitled “Artificial Intelligence for Business,” which will commence this fall. This initiative, heralded by Dean Erika James, signifies Wharton’s ambitious mission to harness AI’s transformative power while addressing its inherent risks, as highlighted in her recent press release.
The program, co-managed by the Statistics and Data Science Department along with the Operations, Information and Decisions Department, is supported by the Wharton AI & Analytics Initiative. Starting this fall, students can officially declare this exciting major, diving into a rich curriculum focused on AI’s business applications.
Students enrolled in this concentration will need to complete four credits encompassed in specialized areas, including two crucial courses: “Foundations of AI in Business” and “Impact and Ethical Implications of AI in Business.” A variety of approved courses will cover topics such as applied machine learning, analytics, and behavioral sciences.
Moreover, all enrollees must take “STAT 4230/7230: Applied Machine Learning in Business” along with “LGST 2420/6420: Big Data, Big Responsibilities: Toward Accountable Artificial Intelligence,” which focuses on the responsible development of AI. The program is steered by Professors Prasanna Tambe and Giles Hooker, both committed to creating a transformative educational experience for students.
Tambe expressed enthusiasm about preparing future leaders for the rapidly evolving landscape of AI, emphasizing, “As AI continues to revolutionize decision-making, it’s essential for our graduates — tomorrow’s managers — to understand and leverage its power to lead with confidence.” Hooker echoed this sentiment, emphasizing the need for students to harness this dynamic technology to influence business and society.
The launch aligns with the University of Pennsylvania’s deepening investment in AI, following its landmark achievement last year as the first Ivy League institution to offer a bachelor’s degree in artificial intelligence. Recently, Penn AI celebrated its official launch event, signifying an expanding commitment to these groundbreaking initiatives.
Wharton’s introduction of the “Artificial Intelligence for Business” major reflects a pivotal moment in education, blending AI technology with ethical considerations and business practices. Through a multidisciplinary approach and a combination of specialized courses, the program is designed to equip students with the necessary skills to thrive in an AI-driven world. With strong institutional backing, Wharton is set to lead in preparing the next generation of business leaders to navigate the complexities of AI.
Original Source: www.thedp.com
