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by pydry
1286 days ago
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No, but tech consolidation probably will. Tech is following in the same footsteps as the American car industry in the 50s. Just as vertical integration in the auto industry killed off the auto startup ecosystem, vertical integration in the tech industry will kill off tech startups. This isnt because there won't be demand for innovative new tech or that startups won't be able to innovate, but because control of core platforms will allow the bigger players more leeway to crush and swallow smaller companies as well as to siphon their profit margins. Think what aws is doing to elastic on a large scale. Once the tech startup ecosystem dies (which could be soon; high interest rates will suck capital away from startups), the behemoths will probably stop innovating and slash headcounts. Once that happens, I'm pretty sure that the stewards of capital and captains of industry will scapegoat AI and the Economist and Time magazine and the like will dutifully believe them and so will most of the people who read them. |
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