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146 points MaysonL | 1 comments | | HN request time: 0.212s | source
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lenerdenator ◴[] No.43963202[source]
Industry determines everything by the impact it will have on its financial state in ninety days. That's it. That's what matters. We redefined competence as the ability to have that financial state be better with regard to nothing else.

Academic research rarely produces anything in 90 days.

Therefore, there will be little in the way of standing for academic research.

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coolsuds420 ◴[] No.43963688[source]
There are so many obvious counter examples you should be ashamed of yourself. Consider Pratt & Whitney working on geared turbofans for decades, they made that investment privately.

Or consider Tesla, they brought the roadster to market purely off private investment. That’s a lot of r&d for things like battery management systems, motors, and power electronics which took years.

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lenerdenator ◴[] No.43964371[source]
> There are so many obvious counter examples you should be ashamed of yourself. Consider Pratt & Whitney working on geared turbofans for decades, they made that investment privately. Or consider Tesla, they brought the roadster to market purely off private investment. That’s a lot of r&d for things like battery management systems, motors, and power electronics which took years.

Both happened before the redefinition of competence to making the most money in 90 days. This is a relatively recent shift; and while its roots start in the 1950s, its completion has only happened recently, within the last decade or so.

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1. coolsuds420 ◴[] No.43966347[source]
Pratt and Whitney brought their geared turbo fan to market in 2019 and Tesla brought the roadster to market in 2008.

Meta’s investment in oculus also defies a 90 day payback period edict.