Venture Capital Company to Buy Hospital System

Today I read on Forbes.com (https://www.forbes.com/sites/katiejennings/2023/10/24/why-vc-firm-general-catalyst-wants-to-spend-billions-to-buy-a-hospital-system/?utm_source=newsletter&utm_medium=email&utm_campaign=dailydozen&cdlcid=60a54ad5fe2c195e915216fc&section=&sh=7a0e58aa18dc)  

that a General Catalyst, VC company, plans to spend billions of dollars to buy a health system.

The strategy is not to gut it, load it up with debt, and sell it.

Instead, their plan is to own it for the long term, and use the hospital system as a proving ground for the innovative health startups in their portfolios.

They think this will solve two problems facing digital health startups:

1. It can take months or years to get deals signed with hospitals.

2. Healthcare AI systems needs a lot of medical data to train on.

© 2024 Praveen Puri

CIOs Complain About Tech Bundling

Consumers have been "cutting the cord", and switching from cable to streaming, because they don't want to pay for bundled channels they don't watch.

Now, according to a recent WSJ article, CIOs are having the same issue with tech vendors.

There have been an increasing number of business technology acquisitions, and it's resulting in fewer, but large-bundled, offerings.  For example, the article mentions that, after VMware bought Broadcom, it "went from more than 160 individual products to two primary bundled offerings."

The CIOs don't like it because, in many cases, they are just searching for products to fill gaps in their IT systems.  By having to buy in bundles, they end up with more complex systems with redundant functionality.  As one CIO described it: "I now end up with overlapped Venn diagrams...very hard to manage."

To simplify their IT, thus promoting robustness, reliability, and better security, CIOs need access to streamlined, modular products that let them better customize for their needs.

© 2024 Praveen Puri

Lab Form

© 2024 Praveen Puri

A Tech Product Has to Add Value

Did you ever hear about the Juicero? 

It was a startup that sold a $699 (later $399) wifi-connected juicer and then you subscribed to get bags of pre-pulped fruits and veggies that you used in the machine to make cold-pressed juices.  

Bloomberg put them out of business with one video:

https://www.youtube.com/watch?v=5lutHF5HhVA

Turns out, you could just hand-squeeze the bags into your glass and didn't need the wi-fi enabled juicer...

© 2024 Praveen Puri

Chat GPT Can Be A Good Interface to APIs

I read about how Open AI will let developers and users add APIs to Chat GPT.  

If I added an email_to function, here is how simple it would be to get ChatGPT to use it (and I did this using the less powerful, free version of GPT 3.5):

me: given a function api called email_to(subject, body), if I tell you in English to email someone about something, can you take my sentence and tell me what the api call would be?

ChatGPT: Of course! Please provide me with the sentence you'd like to use to email someone about something, and I'll convert it into the corresponding API call.

me: can you email Fred and ask for last week's sales figures?

ChatGPT: Certainly! The corresponding API call would be:

email_to("Request for Last Week's Sales Figures", "Hi Fred,\n\nI hope you're doing well. Could you please provide me with the sales figures from last week? It would be greatly appreciated.\n\nThank you!\n[Your Name]")

me: Can you amend the function to first include the person's email?

ChatGPT: Sure, here's an updated version of the function email_to that includes the recipient's email:

def email_to(recipient_email, subject, body): # Logic to send email to recipient_email with given subject and body pass

And here's how you would use it to email Fred and ask for last week's sales figures:

email_to("fred@example.com", "Request for Last Week's Sales Figures", "Hi Fred,\n\nI hope you're doing well. Could you please provide me with the sales figures from last week? It would be greatly appreciated.\n\nThank you!\n[Your Name]")

Replace "fred@example.com" with Fred's actual email address.

© 2024 Praveen Puri

Programming Fun With Fibonacci Numbers

When you are learning about recursive functions in programming, two examples from mathematics are used to teach the concept: calculating factorials and the Fibonacci sequence.

Let's look at Fibonacci.  The sequence starts with 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, ...

So, the first two values are: fib(0) = 0, fib(1)=1

After that, the next fib number is the sum of the previous two,  So, fib(2) = fib(0) + fib(1), fib(3) = fib(2) + fib(1), etc.

I saw an online discussion of someone wanting to sum the first N Fibonacci sequence, and looking for an efficient recursive program.

I wondered if you even needed recursion for the sum since, when you are summing integers, you can do it without a loop or recursion.  The sum of the first N integers is N(N+1)/2

So, I dug in and found that you can sum the first N Fibonacci numbers without loops or recursion.

1. First, we can define the constant phi =  (1 + sqrt(5))/2   #1 plus the square root of 5, divided by 2

2. Next, we can create a function to calculate the nth Fibonacci number without loops or recursion:

fib(n) =  int_round_up {[ phi ^ n - (-1 / phi) ^ n ] / sqrt(5) }  # do the calc in decimal and round up to int

3.  Finally, the function to find the sum of the first N Fibonacci numbers:

Sum_fib(n) = fib(n+2) - 1  # The sum of the first N Fib numbers is just the N+2 Fib number - 1

So, it turns out finding the sum of Fibonacci numbers is actually a simple, elegant process.

© 2024 Praveen Puri

We Are Truly Living in a Multicultural World

My wife sent me to a Polish bakery this afternoon the pick up some homemade Paczki, which was only for sale today.  

The Polish bakery was inside a Polish grocery store, that had a small restaurant inside, that was advertising authentic Mexican food, made from 100% halal meat!

© 2024 Praveen Puri

Breaking The Democrat-Republican Duopoly.

Many voters aren't happy to only have a choice of Trump vs. Biden.

We will never break the duopoly unless we either get ranked choice voting, or even something simpler such as being able to vote a second choice (so that, if your first choice isn't in the top two, your second choice counts if it's one of the top two). 

That way, people will get comfortable voting third party candidates.

© 2024 Praveen Puri

Three Keys to Technology-Based Innovation

1. Value simplicity. If your solution is not the simplest and easiest to use, it will lose in the marketplace to the one that is.

2. Recognize the power of iteration. It's not "succeed or fail", it's "succeed or iterate". Failure only occurs if you give up.

3. Embrace analog over digital thinking. Digital thinking is all or nothing, while analog thinking recognizes that result is a spectrum, and a partial success is often very valuable.

© 2024 Praveen Puri

Today, Owning A Product Means You're Responsible For The Full Life Cycle

Today's Wall Street Journal had an article about Whirlpool re-designing their fridges to make them easier to recycle.  

Why would they go to all the trouble, when it does not improve the product's functioning?

Because, today, customers are more environmentally conscious and they expect product creators to be responsible for the complete lifecycle of their products.

© 2024 Praveen Puri

Strategic Simplicity® Takes Work

It takes work to make the hard & complex simple. Ironically, simplicity first requires diving into the noise.

© 2024 Praveen Puri

Strategic Simplicity® in Advertising

Companies need Strategic Simplicity® in advertising because customers are busy, and you need to break through the noise!

© 2024 Praveen Puri

Operational Simplicity vs. Strategic Simplicity®

Operational Simplicity - Minimizing the amount of work done. This equates with Agile Software Development, Lean Manufacturing, etc.

Strategic Simplicity® - Minimizing the number of non-strategic goals pursued. This results in Agile Management, Innovation, etc.

© 2024 Praveen Puri

Facebook at 20: The Changing Nature of Social Media

To commemorate Facebook turning 20 this weekend, the latest edition of the Economist has an interesting take on the changing nature of social media.   

As its article points out, "social" media is now no longer very social.  Their algorithms make it more likely that we will see posts from strangers than friends.

This is leading to two results: first, people are engaging (commenting, likes) less than in the past.  Second, businesses are now turning to email, because there is no one “sitting in California deciding whether or not we get to email people, and whether people get to open those emails”

© 2024 Praveen Puri

Crossing the AI Weapons Taboo

I'm predicting that, in the next year or so of the Russia-Ukraine war, we will see autonomous AI drones, that target and strike without being operator controlled.

Autonomous AI weaponry, where the AI kills humans on its own, have always been considered in the realm of science fiction, and considered a "Rubicon" we shouldn't cross.

However, with the nature of the war (WWI trench stalemate, with increased reliance on drones), I see this as being an almost progressive certainty.

This weekend's WSJ had an article about how the Ukrainians, running low on ammo, are now depending on tons of start-ups that are developing cheap $300, in-house designed, drones that carry RPGs, and are flown as FPV (first person view, with the pilot wearing VR goggles).  Their goal is to start making 1 million drones a year, and they are working on incorporating AI, in case the signal gets jammed.

Meanwhile, the Russians are converting shopping malls into drone factories.

In the future, this war will be known for drone innovations that changed the nature of war forever.

© 2024 Praveen Puri

Words are important

Words are important. NPR’s website has an article titled: “Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that?”

At the bottom of the article is a note: 'Correction Jan. 28, 2024: The headline for this story has been corrected to add the omitted word "off.”’   :-)

© 2024 Praveen Puri

Infinite Craft

Here is a fun, little website where you start with four labels (air, earth, fire, water) and continuously drag labels on top of one another to create new labels.

It never ends. Some labels take you back to previous ones, but you create new ones by mixing tags. I've created a whole bunch of weird ones like Siren, merlot, Tarzan, Aphrodite, phoenix, etc.

https://neal.fun/infinite-craft/

© 2024 Praveen Puri