I believe something similar is happening in drug development right now. It may take less than 5, 10, 15 years to see the impact to the US. But from someone who has a vantage point to see it across many parts of the industry, including having seen the evolution of Intel / TSMC, I think it is a very similar story. Right now is like 2007 (or maybe even a bit later) for therapeutics. In the future, we will look back on this year as the year we gave it up.
Agreed. Also the biotech industry is largely getting defunded. Venture funds are pointing dollars elsewhere so fewer new companies are being started, while more biotechs are being started in China.
Most new drugs come from biotechs nowadays (not all of them, not GLP-1’s). But many do. If that innovation is happening in China and not the US today then it will create an issue in several years. We will not control our supply chain for a critical set of goods.
Biotech still has a lot of basic science kinds of questions in it too. There's a lot about biology we seem to not really know in large populations. A ton of things we need to know more about before we even talk about commercial applications still.
OTOH, the pharma industry has large revenues selling commercially viable therapeutics that seem to have dramatically increased human lifespan and increased quality of life. Even without fully understanding biology there is a lot that can and has been done.
TBH the FDA is the least of the various hurdles to get a great biotech going. The FDA has (surprise) largely been spot on. Theranos is just a fraud. If you are not risk tolerant that's fine, it's a reasonable position. But, there are plenty of people who are willing to actually get outside the anonymous video chat / messaging whatever echo chamber and make real inventions happen in the world that make a real difference to real people.
I test drove the Telsa S (along with several other cars in the general $100k range) and found the acceleration to be astounding, but the handling to be uninspired and the interior actually felt cheap to me. There's nothing like the immediate acceleration from the Tesla, but the M5 just seems like a better overall car today. The M5 is a total beast, but still incredibly comfortable. Wouldn't be hard for Tesla to change the interior. Just felt hard to swallow paying $100k and sitting in a plasticy feeling interior. Also the handling in the M5 is a completely different animal than anything I experienced in the Tesla. Again, not impossible or maybe not even hard for the Tesla to update in the future, but the M5 just feels like a better car today.
I actually agree with you on the interior not beeing at the same level as other highend cars such as the M5, or the Mercedes S Class. They have however spoken about an upgrade of the seats for the Model S, late this year, which might help it along. Here in Denmark gas cars are taxed 180% so a 85KW Model S is 610.000DKK and a BMW M5 is 1.600.000DKK. That makes the choice easy..
You can disable that stuff. Once you turn learning off you can use it either as a normal thermostat or as a pre-programmed one.
I actually use our Nest as a normal thermostat that just looks great and can connect with my phone. It's awesome. I also like that it tells us our energy usage relative to everyone else.
I bought it because it's far and away the best looking thermostat out there and because it can connect with my phone. LOVE it for those reasons.
Seems like people and companies are already starting to address the cost issues to make this a more accessible and scalable process. I'm thinking of things like DNAnexus to help with the computational stuff. Also surprising they didn't mention any of the companies doing this work (i.e. this isn't just an academic exercise anymore).
I think they wanted a 7x return on investment. But you are right, I don't see the value either... unless they have some seriously good language models built in 50 languages and the patents surrounding their interface, models, etc.
Handwriting a to do list is also way faster since you don't have to worry about app switching, typos getting corrected to the wrong word, and random occasional slowdowns that always seem to happen right when I really need my phone to work. Also it's hard to make a to do list on your phone while you're talking on the phone - yes there are headphones but then you have to untangle those, plug them in etc, even if you just need them for a minute (another ongoing issue!).
