Of course they are. Why would you want revenue? If you show revenue, people will ask 'HOW MUCH?' and it will never be enough. The company that was the 100xer, the 1000xer is suddenly the 2x dog. But if you have NO revenue, you can say you're pre-revenue! You're a potential pure play... It's not about how much you earn, it's about how much you're worth. And who is worth the most? Companies that lose money!
That one is such a clear, obvious case of corruption. I wish more people were screaming it from the rooftops. I've told a number of people about it IRL and it's shocking how few know. But I guess that's part of the "flood the zone" tactic of the fascists.
For those who haven't been following along, here's the highlights.
Adams did some corrupt shit, like really obviously corrupt. Foreign sources made gift offers. Advisors said "no, the mayor definitely doesn't want those gifts because that would be highly inappropriate and illegal." The mayor's office said "actually, we would love those gifts please continue!" All of this is well documented; yes, they took notes on a criminal conspiracy. Naturally, this resulted in criminal charges. Adams screams political persecution because that's what corrupt politicians do when they're caught.
Trump takes office, and this creates an opportunity for further corruption. Adams and Trump make a deal. Adams will facilitate anything Trump wants to do in NYC vis a vis immigration (which may include tactics of questionable legality), Trump's DOJ will drop the charges.
DOJ lawyers who were in the meetings discussing this arrangement were told not to take notes. Hm. Then DOJ leadership directs the lawyers assigned to the case to file a dismissal. They burn through 7 DOJ lawyers who resign rather than sign a dismissal.
The dismissal was eventually signed by Emil Bove, who had been recently appointed to the #2 position in the DOJ by Trump. Bove's previous role was as one of Trump's criminal defense lawyers.
The down rounds have started for those companies that either haven’t found product market fit, or aren’t in contention on leaderboards. Especially those companies that are a OpenAI wrapper and can be easily replaced by a new, more broadly applicable, foundation model or a new modality model.
The padding in healthcare is part of the system. One part is to have high prices so insurance can negotiate them down. And for hospitals in particular, prices are padded to subsidize emergency care for the indigent (which they have to provide without regard to ability to pay; thanks Reagan).
That's a hyperbolic misstatement of the situation on the ground. Poor people use free emergency rooms as primary care instead of paying for primary care physicians. That's a cost disaster no matter what you think should be done about health care. We'd be much better off with actually free primary care for the poor, and it would at least make sense to prevent the emergency room misuse since it's so wasteful. But it's politically untenable in the US to fix a broken system in any direction people don't like, even when it's Pareto optimal.
This is the story in Canada as well, but way more than the very poor, because there are not enough primary care physicians where needed, and not enough people pursue family medicine. Why would you? What med student looks at the prospect of administering a dinky small business on top of actually practicing medicine, pay well but not great, and have zero equity when they retire?
So we land in a similar position because the change might be publicly funded group practices instead of pay per service which has better optics.
Yeah it seems partial privatization is inevitable or at least the default outcome, at least in Ontario. No other way out that’s also politically viable to enact.
See "We've got you covered" for an analysis of reallocating current US healthcare spending into a general healthcare program that aligns with your thinking.
How about government is paying for treatment of people too poor to pay themselves and everyone is paying their share to finance that spending? And as a bonus everyone else will also get their medical treatment financed this way?
Then take a Cauchy or a t-distribution. Basically anything with a longer tail than exp(x^2). The Gaussian summary will be misleading because of the tails.
They’ve chosen the path of commoditizing their complement. To ensure that ML capabilities are not a differentiating factor in the market, make ML capabilities a commodity available to everyone at the marginal cost.
Everyone talks about the chips, but Nvidia's true competitive advantage is CUDA. Only recently has PyTorch added AMD support, and benchmarks I've seen have shown that AMD has a lot of work to catch up.
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