Speedy Pasta, Stock Fact, An Unfiltered Diary 🩹

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No Emotions For The Queasy

Remember the painful scene in Star Wars when Padme was giving birth to Luke and Leia while Anakin was being affixed with the metallic Vader suit? In both scenes, the miserable protagonist and antagonist were assisted by robots. Their pain and screams fell on deaf ears while the AI doctors and nurses performed unemotional actions on their bodies. 

Now imagine if those scenes turned to reality? How fast would your teeth shudder and crack? 

Well that’s what Nvidia proposed earlier last week when it announced a partnership with Hippocratic AI, a startup offering AI nurses.

So far these nurses will only stick to pre-op or post-discharge or non-diagnostic care. A promo video shows an AI nurse offering a “patient” advice about how to take her prescriptions and optimize recovery following an appendectomy.

Source: BMJ Global Health

But what was wrong with regular, human nurses? 

Hippocratic claims its AI nurses are far cheaper, priced at $9/hour compared to human nurses who charge anywhere between $35 to $90/hour. Plus, the AI nurse could help alleviate a nationwide nursing shortage.

Nurses are also overworked. The Nurses’ union National Nurses United says that the shortage isn’t about pay, but understaffing, which has led to nurses leaving the field and widespread strikes.

So while AI can solve these problems for now, who knows if these AI nurses can evolve into AI doctors or GPs in the near future. 

If that does that, humans would surely be uncomfortable discussing medical issues with a phlegmatic machine. A Pew Research Center survey found that 60% of Americans would be uncomfortable with medical professionals using AI, while 79% said they don’t want AI in their mental health care.



Not The IPO You Think

Reddit began trading on the NYSE last week, becoming the first social media platform to go public since Pinterest in 2019. Investors were clearly excited as the stock closed 48% above the initial offering price.

But this excitement and confidence in Reddit seems a bit extra-surprising if we consider the real stats of the company. 

  • For starters, Reddit isn’t profitable. In fact, it has been reporting a loss every year since its founding in 2005 (to the tune of $91 million last year). But its losses are shrinking, slimming by 43% between 2022 and 2023.
  • Reddit currently monetizes its users at a fraction of what industry giant Meta achieves. Last quarter, Meta reported making $12+ for every one of its global daily active users across its Family of Apps... while Reddit reported a more modest $3.42 of revenue per daily active user. 
  • Lastly, Reddit could get memed by its own users. There has already been talk on WallStreetBets about short-selling the stock.
Source: Meta, Reddit | Graphics by Chartr
On the bright side:
Reddit could turn its model profitable through the recent $60 million licensing deal with Google. And if that happens, Sam Altman's wealth could multiple many, many, many, many folds. A $30 million windfall, to be precise (see image below). And that's just Altman's personal investment return. We can't even begin to imagine how much his company would earn from its official stake in Reddit. 


From Door To Drone We Go Dashing

On Friday, DoorDash announced it was testing drone delivery for orders at a Wendy’s in Virginia.

Sure a single experiment in Virginia won’t override your entire food delivery sitch overnight, but it is a sign of something you can expect soon enough — especially considering how far platforms would go to stay afloat in the highly competitive world of speedy logistics.

And if this system takes hold, your food orders might get more expensive.

Delivery platforms like DoorDash, Uber Eats, Grubhub make money by charging delivery fees — basically a certain percentage of their in-platform sales. That percentage has already been on the rise in recent years owing to inflation and the need for 10-minute deliveries. 

So it’s easy to imagine DoorDash being able to charge restaurants and hungry customers a larger fee as its delivery system gets more efficient with a fleet of drones whizzing burgers, noodles, and pizza at 65mph.

Source: DoorDash | Graphics by Chartr


Shorts ⏳

🎲 Beast Games - MrBeast is set to host a new show on with the largest prize in television history: a whopping $5 million for the winner.

🤞The Good Split - Chipotle did a 50-for-1 stock split for the first time in 30 years. Here's what that means.  

💍 No Hitching - The stock of the world's largest diamond jeweler - signet Jewelers - is tanking because people aren't getting engaged.

💲Make Trump Rich - Donald Trump’s social media platform - Truth Social - is reportedly preparing to go public at a $6 billion valuation. That means Trump stands to gain $3.5 billion from his 60% share of the app. 

💴 Loans in Japan at 0% - For the first time in 17 years Japan raised interest rates from negative 0.1% to 0%

🐱 March Meowness - A Massachusetts library is allowing patrons with lost or damaged items to pay their fees with cat pictures

🙍‍♂️ Resigning Soon - Boeing CEO Dave Calhoun will be stepping down in the wake of the 737 Max controversy.

😩 The Tech Diet - One man's journey into the lonely world without Big Tech



Stash Recommends: Tools to Explore
FINCAD: A web-based automated hedge accounting solution that automates allocation and keeps track of pre and post-deal compliance.

RockspaceA cloud storage software with a dedicated infrastructure. Leverage their expertise to run fast and lean. 

BeFunky: An online photo editor and collage maker with an impressive collection of fully customizable templates and easy to use tools.
 
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