On: German economy contracts 0.2% in 2024 in second co...

[ChemSpider]

Important new developments in Germany in the last 10 years? Interesting question, I can think of two right now:

- Stable Diffusion at Heidelberg University

- Biontech/Pfizer covid vaccine in Mainz

- What else?

[ArtTimeInvestor → ChemSpider]

Interestingly both seem to have had no benefit to the German economy?

Stability AI is not a German company and Biontech's market cap is where it was before Covid.

[ChemSpider → ArtTimeInvestor]

Stable Diffusion main author is now doing BlackforestLabs, valued 1B?

Biontech is swimming in money and using it to foster its main goal, finding better cures for cancer.

My main point was that I can think of only two success stories.

[ArtTimeInvestor → ChemSpider]

Is BlackforestLabs a German company? On their website, they provide an address in the USA.

If Biontech is swimming in money now and did not before Covid, why didn't their market cap increase?

[rlaksj → ArtTimeInvestor]

Because Pfizer stole the IP? U.S. nuclear weapons and rockets were developed by Europeans, Google was set up by immigrants etc.

The U.S. props up the dollar with military force, buys IP and talent from everywhere and profits.

[s1artibartfast → rlaksj]

Did they steal it or did they buy it? Which is it?

If they bought it, why was it more attractive to sell to the US?

[makemyworkforme → ChemSpider]

None of them were commercialized in Germany though.

[RestlessMind → ChemSpider]

Germany and a lot of other European countries do a lot of cool cutting edge research. Problem though is that one needs to commercialize it via products and services to reap the benefits. That happens a lot in the US/UK. See the sibling thread about covid vaccine research as an example.