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Absurd Alhazred posted:The fall of Juicero isn’t just entertaining tech industry stupidity – it’s the sign of a country refusing to break new ground quote:This story has been so widely repeated as to become a cliche. It’s also inaccurate. Contrary to popular belief, entrepreneurs typically make terrible innovators. Left to its own devices, the private sector is far more likely to impede technological progress than to advance it. That’s because real innovation is very expensive to produce: it involves pouring extravagant sums of money into research projects that may fail, or at the very least may never yield a commercially viable product. In other words, it requires a lot of risk – something that, myth-making aside, capitalist firms have little appetite for. Capitalist firms have plenty of appetite for risk as long as there are mechanisms in place to make sure the returns will be worth it. As evidence, look at pharmaceutical industry. Most drugs take years, if not decades, to research and be released to market. But once they are, profits are basically guaranteed thanks to the patent system and the current state of the market (i.e. lack of single payer healthcare).
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May 14, 2017 00:17
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enraged_camel posted:Capitalist firms have plenty of appetite for risk as long as there are mechanisms in place to make sure the returns will be worth it. As evidence, look at pharmaceutical industry. Most drugs take years, if not decades, to research and be released to market. But once they are, profits are basically guaranteed thanks to the patent system and the current state of the market (i.e. lack of single payer healthcare). Patent system?
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May 14, 2017 00:34
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enraged_camel posted:Capitalist firms have plenty of appetite for risk as long as there are mechanisms in place to make sure the returns will be worth it. As evidence, look at pharmaceutical industry. Most drugs take years, if not decades, to research and be released to market. But once they are, profits are basically guaranteed thanks to the patent system and the current state of the market (i.e. lack of single payer healthcare). But if the returns are guaranteed, that's not really risk. And in the pharmaceutical example, they know that even a number of failed drugs is more than made up for by the huge profits from even one success
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May 14, 2017 00:39
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Turns out it's pretty easy to offset risk with a product people literally need to live.
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May 14, 2017 00:42
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Shooting Blanks posted:Strongest and most productive specifically WRT probability theory, or in general? I'd love to hear more about that if you can elaborate. WRT probability theory -- I don't think anything analogous exists for, say, algebraic geometry. That being said, as far as I can tell the majority of researchers there are not working on problems directly applicable to Microsoft's business (which is a bit different than the state of affairs for, say, ML researchers these days). Feel free to PM me, I'd be glad to provide more details.
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May 14, 2017 00:47
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The pharmaceutical industry receives tons of government regulation/interference to invest in more risky endeavors. The FDA's orphan drug designation, used to encourage development of drugs for more rare diseases, comes to mind. quote:Orphan designation qualifies the sponsor of the drug for various development incentives of the ODA, including tax credits for qualified clinical testing
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May 14, 2017 00:52
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A Man With A Plan posted:But if the returns are guaranteed, that's not really risk. And in the pharmaceutical example, they know that even a number of failed drugs is more than made up for by the huge profits from even one success The returns are guaranteed if the drug is successful. I don't know the numbers but I assume the vast majority of drugs fail during R&D.
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May 14, 2017 00:53
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enraged_camel posted:The returns are guaranteed if the drug is successful. I don't know the numbers but I assume the vast majority of drugs fail during R&D. The statistics are divided up into phases. Less than 25% of novel drugs are successful in late-stage trials, which is where the majority of R&D funds are spent.
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May 14, 2017 00:58
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enraged_camel posted:The returns are guaranteed if the drug is successful. 
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May 14, 2017 03:51
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WrenP-Complete posted:The statistics are divided up into phases. Less than 25% of novel drugs are successful in late-stage trials, which is where the majority of R&D funds are spent. 25% seems high for the entire clinical trials period, but probably ok for phase 3. Pharma company have a tendency to attempt same targets as their competitors, which will make all fail if the actual target is wrong. See Mercks, Eli Lilly's attempts on Alzheimer drugs. The failure rate in preclinical trials is probably something like 99% of all attempts.
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May 14, 2017 07:12
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dex_sda posted:Rich people having to taste poverty after being scammed out of their money and left behind on an island? Tbh that sounds like it loving ruled. Good work Fyre Festival. That sounds like a good premise for a cheesy horror movie, but you'd have to add a murderer.
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May 14, 2017 08:10
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enraged_camel posted:Capitalist firms have plenty of appetite for risk as long as there are mechanisms in place to make sure the returns will be worth it. As evidence, look at pharmaceutical industry. Most drugs take years, if not decades, to research and be released to market. But once they are, profits are basically guaranteed thanks to the patent system and the current state of the market (i.e. lack of single payer healthcare). Or if it's the banking sector you can always rely on the government to bail you out because the alternative is shooting the economy in the head. So you get all kinds of cool innovations like subprime mortgages!
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May 14, 2017 08:26
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BarbarianElephant posted:That sounds like a good premise for a cheesy horror movie, but you'd have to add a murderer. Obviously the organizer of the festival and his small cadre of ultra elites who want to experience the ultimate thrill festival.
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May 14, 2017 09:25
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PJOmega posted:Obviously the organizer of the festival and his small cadre of ultra elites who want to experience the ultimate thrill festival. Kinda like anti-Predators: only willing to hunt the easiest prey. The thing writes itself!
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May 14, 2017 10:48
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The Least Dangerous Game.
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May 14, 2017 15:26
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Feinne posted:The Least Dangerous Game. The Classiest, Most Luxurious Game.
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May 14, 2017 18:16
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Young rich people being obsessed with working out while not having to do actual physical work means that their meat has an exquisite "marble" structure with a perfect balance of fatty and lean parts. 
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May 14, 2017 18:30
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Randler posted:Young rich people being obsessed with working out while not having to do actual physical work means that their meat has an exquisite "marble" structure with a perfect balance of fatty and lean parts. Somehow you're the last person I would have predicted advocating for "eat the rich".
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May 14, 2017 18:37
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Absurd Alhazred posted:Somehow you're the last person I would have predicted advocating for "eat the rich".
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May 14, 2017 18:51
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https://slatestarcodex.com/2017/05/11/silicon-valley-a-reality-check/
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May 14, 2017 21:24
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Lyft and Waymo reach "Uber? Yeah, gently caress those guys" deal on self-driving cars
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May 15, 2017 09:02
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I'd be worried about this guy cracking some vertebrae for patting his back so fervently.
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May 15, 2017 11:14
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PJOmega posted:I'd be worried about this guy cracking some vertebrae for patting his back so fervently. At least this time the comments aren't full of
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May 15, 2017 12:08
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PJOmega posted:I'd be worried about this guy cracking some vertebrae for patting his back so fervently. He's just (rightfully) pointing out that Silicon Valley is more than about Juiceros 
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May 15, 2017 13:51
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PJOmega posted:I'd be worried about this guy cracking some vertebrae for patting his back so fervently. Not All Startups
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May 15, 2017 14:52
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Randler posted:Young rich people being obsessed with working out while not having to do actual physical work means that their meat has an exquisite "marble" structure with a perfect balance of fatty and lean parts. Just grind and liquefy them up into some sort of slurry, im not that picky
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May 15, 2017 15:18
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Sucks to be Uber.quote:DETROIT (AP) — A federal judge has ordered Uber to stop using technology that a key executive downloaded before he left Waymo, the autonomous car company that was spun off from Google.
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May 15, 2017 16:19
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Arsenic Lupin posted:Sucks to be Uber. Obviously you format all computers and lobotomize all employees who looked at them, only way to be sure.
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May 15, 2017 17:21
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Arsenic Lupin posted:Sucks to be Uber. This is what "reply all" is for, right? Just send em ALL back!
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May 15, 2017 18:02
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Pulverize the hard drives, give them back in a tasteful urn.
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May 15, 2017 18:59
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Arsenic Lupin posted:Sucks to be Uber. Uber is in deep poo poo. They're big enough that they'll survive, but between this lawsuit and the criminal investigation over Greyball they're going to have a bad year or two. Or more.
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May 15, 2017 19:33
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Arsenic Lupin posted:Sucks to be Uber. Oh poo poo. If Google/Waymo just got a prelim injunction against Uber that's pretty much  Good riddance.
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May 15, 2017 19:58
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Arsenic Lupin posted:Sucks to be Uber. Make copies on removable media and give those to Google. The metadata on those could be very interesting. Or not. It may also cover any print outs made of the files. If the judges order just said delete everything, I can imagine Uber firing up hundreds of printers and going to town.
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May 15, 2017 20:02
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Absurd Alhazred posted:Somehow you're the last person I would have predicted advocating for "eat the rich". The infernal contracts I signed compel me to work for the best of the corporations that engage the services of my firm. The shareholders are not covered by this agreement and are therefore ripe for the larder. 
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May 15, 2017 20:04
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Eat poo poo, uber.
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May 15, 2017 20:11
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Pick posted:Eat poo poo, uber. Shitro, a new startup providing you with only the most quality shits to get squeezed out of a paper bag. What do you mean you could squeeze it yourself? Fuuuuuuuu.
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May 16, 2017 02:43
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Thomamelas posted:Make copies on removable media and give those to Google. The metadata on those could be very interesting. Or not. It may also cover any print outs made of the files. If the judges order just said delete everything, I can imagine Uber firing up hundreds of printers and going to town. It doesn't even really have to specify what form the stolen documents are in (and probably doesn't), trying to 'but your honor you just said to get rid of the files we stole you didn't say we couldn't make a paper copy of the contents of those files and therefore keep the proceeds of our industrial espionage!" is a great way to get found in contempt. It's that whole 'reasonable man' test issue, which is a big problem for Uber because they're too disruptive to employ anyone reasonable.
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May 16, 2017 04:08
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Feinne posted:It doesn't even really have to specify what form the stolen documents are in (and probably doesn't), trying to 'but your honor you just said to get rid of the files we stole you didn't say we couldn't make a paper copy of the contents of those files and therefore keep the proceeds of our industrial espionage!" is a great way to get found in contempt. An ordinarily prudent person of average skill and judgment would recognize that the civil justice system needs to be disrupted. That's why I'm inviting you to invest in my new app, TortFeasr! It polls a carefully selected set of users on their thoughts and beliefs about what they would do in a given situation which matches your pre-entered fact pattern. Then, the algorithm goes to work! Finally, a report is generated which creates a composite standard guaranteed* to convince the judge or jury that your position is correct! TortFeasr: Because torts should be feasible! *All guarantees are disclaimed, express or implied. By reading this comment you hereby agree to release TortFeasr, its owners, employees, successors or assigns from any liability related to misuse or ordinary use of the app. TortFeasr is a trademark and unsanctioned use will be vigorously prosecuted to the full extent of the law. The terms of this post are to be interpreted under Delaware law. TortFeasr is not affiliated with TortFeastr, George R.R. Martin, or Lemonpies LLC. If any sentence of this post is deemed to be void by a court of competent jurisdiction, the other sentences are fully severable. TortFeasr is not a licensed attorney and cannot legally notarize documents. All advice is for entertainment purposes only.
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May 16, 2017 07:19
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axeil posted:Oh poo poo. If Google/Waymo just got a prelim injunction against Uber that's pretty much Nah, it's just an injunction to not use the technology Levandowski gave them. Their self-driving car program can still operate.
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May 16, 2017 07:36
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enraged_camel posted:Nah, it's just an injunction to not use the technology Levandowski gave them. Their self-driving car program can still operate. Wasn't the stolen tech kind of the keystone of the whole thing?
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May 16, 2017 08:01
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