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Why would you expect "we have a better solution but we'll charge less for it" to be the outcome in a free market? That's just leaving money on the table.
by flir 3y ago
Why would you expect "we have a better solution but we'll charge less for it" to be the outcome in a free market? That's just leaving money on the table.
- corethree 3y agoObvious. Open Source, Piracy and copying. A phenomenon of the free market combined with products constructed out of pure information.
- Dylan16807 3y agoBecause of the extreme increase in competition.
- corethree 3y agoAdditionally keep in mind, this diagnosis was not made by a machine designed to be a "doctor". The doctor part is a side effect. An emergent property. I can just imagine google running a powerful AI in the future and just using ads to fund the whole thing and the thing just completely demolishes the medical diagnosis industry just as an emergent side effect.
- flir 3y agoThat's possible. Like they did to dedicated GPS/map hardware. Not sure Google's that bold any more, but somebody could.
- randomdata 3y agoYou need a moat to keep that going for very long. Doctors have a regulated market in which to build moats, but as this is said to be a free market, what moat-suitable ground might there be?
- fragmede 3y agoGet yours certified by the AMA and have them make competitors illegal.
- randomdata 3y agoThat would require a regulated market. The scenario was based on a hypothetical free market.