ℍ𝕂-𝟞𝟝

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Joined 6 months ago
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Cake day: July 14th, 2024

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  • I worked as a techie in adtech, investment banking and healthcare.

    With adtech, there is a complex inscrutable network of layered data brokers, and each as you see is the result of a complex but very fast auction of your eyes at that time.

    The other aspect is that there are companies that collect data, other companies process them, and a third layer are the ad companies selling ads themselves. While Google is doing its best to monopolise the whole thing via Chrome, there are a lot of companies either piggybacking on them or doing their own thing. There are also “mom and pop” shops spying on you, not just Big Tech. You decide if a competitive or a monopolistic ad industry is better, I think the whole thing shouldn’t exist.

    Investment banks DGAF about regulations, but are super serious about compliance. We had to attend like 12 yearly training sessions about not having the WhatsApp group we had. They are a weird mix of cutting edge and awfully obsolete tech, the feeling is that the business will keep printing money either way, so do whatever. Also, because since 2008 there are apparently regs that you need a higher up to sign off on some stuff, titles are super inflated. A Vice President might not even be a team lead.

    I watched an innovative healthcare startup that actually saved lives be acquired by US big pharma. We sold AI medical imagery, not the quack kind, but the “proven by studies and active use to save lives” kind. European healthcare providers paid us 5-7 EUR per scan where it cost us 2 EUR to make one, and we were wildly inefficient, startup spaghetti code. A US monopoly bought the whole thing, along with a bunch of others like it, and billed insurance 100 USD in some bundle deal for the same thing.

    Insert “I’m tired boss” meme. This was all in like 5 years.