New Genomics X-prize

New Genomics X Prize: Sequence 100 Genomes of 100-Year-Olds
[Via 80beats]

Insight into long life is one of the new prize’s goals.

In 2006, the Genomics X Prize competition was announced: $10 million for sequencing 100 human genomes in 10 days for $10,000 apiece, to be kicked off in 2013. The idea was to spur innovation in technology by asking the (currently) impossible, the hallmark of the X Prize Foundation.

But while sequencing has gotten cheap, it hasn’t gotten all that much faster in the last five years, and none of the eight teams who signed up have ever gotten to the point where such a short time span could be feasible. So, Archon and Medco, the two companies funding the competition, have revamped the requirements. This week they’ve announced the new, improved Genomics X prize: $10 million for sequencing 100 human genomes in 30 days—but for $1,000 apiece. (Currently, getting your genome sequenced commercially runs about $5000 at the cheapest.) The new version of the competition, which will kick off on January 3, 2013, also has clearer standards for judging: the genomes have to be 98 percent complete and have no more than one error per million nucleotides.

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$10 million is a lot but 100 genomes in 30 days will be tricky, particularly with those error rates.

But wow if they can do it.

Apple’s net income per employee leads everyone

[Crossposted at SpreadingScience]

Apple’s headcount, up 30%, still industry’s most productive
[Via Brainstorm Tech: Technology blogs, news and analysis from Fortune Magazine » Apple 2.0]

With one seventh as many employees as IBM, Apple generates 13 times more profit

In most recent quarter. Source: Google Finance, Apple Inc. Click to enlarge.

As of September, Apple (AAPL) had 60,400 full-time equivalent employees, according to the SEC Form 10-K it filed Wednesday, nearly 30% more than the 46,600 it reported in Q4 2010.

But those employees generate more profit per capita — by far — than any of Apple’s peers in the industry.

In the quarter that ended in September — not its best, mind you — the company generated sales of $28.3 billion and net income of $6.62 billion, or nearly $110,000 profit per employee.

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Amazon generated about $1500 per employee, almost 10 times less than Apple. In fact, as Apple has gotten larger, its profit per employee has increased.

Since 2008, the profits per employee have gone up almost 3-fold.

How many companies make more money per employee even as they grow? Well, Amazon, Dell and HP make the same amount per employee today as they did in 2008. Microsoft shows a little increase – maybe 20%. Not the almost 300% that Apple has.

Only Google has shown anything close to Apple and it is only up 75% per employee since 2008.

Apple really is some different kind of company. It continues to demonstrate the increasing returns that accrue to 21st Century companies. It also indicates that Apple continues to answer the questions Arthur posed in his paper Increasing Returns  and the New World of Business.

I wonder when others will begin to answer them also.