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Illegal elephant pants from China seized at Bangkok warehouse
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57
Trump’s $500 Billion AI Plan Leaves Europe in the Dust
So there is an immediate freeze, no exceptions, on all federal grants and loans. Over the last 12 months, grants worth about $20bn have been awarded, not just to research institutes, but also small businesses, of the sort Mr Trumpf would like to encourage. These companies are at the very cutting edge of science, and the more cutting edge it is, the riskier. About 60% of new medtech never makes it to the market, mostly due to the companies running out of cash. And after a few years of some record private investment in medtech, that money has dried up in the last year. What does this have to do with AI. Well, about 70% of products in development as a result of these loans are in the areas of digital health, in vitro diagnostics and diagnostic imaging. The supporters of Stargate say the initiative will transform healthcare, by finding a cure for cancer, and allowing country doctors to better treat patients (ie telehealth). Digital Health; AI used in clinician support Apps (eg. better diagnose cancers), or increasingly, for disease treatment (FDA Appls used to improve mental health). IVD; AI is now being used to better interrogate genetic test results, to identify cancer markets, and thus cancer risk, as well as markers of inherited disease. Digital Imaging; AI is transforming image analysis. Without AI, 50% of mammograms are read incorrectly, resulting in women going without a cancer diagnosis, or, women undergoing unnecessary surgery when there is no cancer. With AI, one system improved accuracy to 70%. AI is going to improve diagnosis of colorectal and prostate cancer, which will likely affect the majority or readers here. Also going to be essential to identify new drug targets to treat Dementia, given nearly everything in the pipeline has failed so far. There is an obvious contradiction between a President saying he wants AI to succeed, and a President actively encouraging business failure and avoidance of risk. Of course private investment will continue to go into Medtech, but its increasingly risk averse, avoiding the most innovative technologies, preventing transfoormation of healthcare, which is needed as Western populations age. China though is positively encouraging medical innovation. 10 years ago, Chinese medtech was basically Western transplant factories. Top tier hospitals had the same gear as any Western hospital, lower tier hospitals, not so. Now its transformed. The Chinese government accelerates approvals of Chinese medical technologies (same way the FDA acceleratate De Novo approvals for US companies). And there is some guinely cool and innovative stuff coming out of that country, once a fresh set of eyes looks at a problem. The effect of suspending grants means these little companies will quickly run out of cash (the grants and loans are usually stage payments, so anyone getting a grant in the last year or so is directly affected). First they can't pay their suppliers, then they have to let go of staff. Finally, they shutter the company, and the banks try and sell the IP to whoever wants it, usually not in the US. Even if Trumpf gets his arse into gear in a few weeks, it'll be too late for some of these companies. The effects will spread in the economy, to the suppliers, to the CROs running clinical trials, to the regulatory companies handling the paperwork for FDA approvals etc. Its strange, because didn't he run for President on the basis he was a briliant businessman looking out for the little guy? The suspension of payments like this is something I normally associate with socialist governments, who tend to be suspicious of small business and rather have money going into public services. -
95
Why Democrats Hold the Advantage for 2028 and Beyond
Your quote includes a proven lie, that certainly doesn't make the other claim credible! 🙂 -
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A death sentence for some
Sure, but he made up for it by resuming the delivery of 2000-lb bombs to complete the genocide of gaza. Priorities. -
95
Why Democrats Hold the Advantage for 2028 and Beyond
And it's not like some morons still don't believe that Biden and Harris won the 2020 election! Oh wait! 😆 -
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Thailand Air Force Chooses Gripen Jets Over F-16s for Better Benefits
GOOD not do same as many and kisses us-butts
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