[admissionsguy]

That’s good. As the big companies have proven themselves inefficient capital allocators, there will be more space for upstarts.

[ToucanLoucan]

Will there, though? Or will it just to be those big companies with important, entrenched products making them worse and worse and due to some combination of network effects, entrenchedness in industry, and financial/technical lock-in people will be unable to choose a competitor?

History seems to point to the latter.

[unclebucknasty]

There will be some upstarts that win, but they will be acquired and integrated by the big firms anyway.

So, one way or the other, we'll end up with some variation of your scenario.

[odyssey7]

The supply of used AI chips could be flooded in a year or two if companies that can’t really use them are buying them today.

[ahstilde]

You should relook at history.

[ToucanLoucan]

Microsoft (Windows, Office, XBox), Facebook, Adobe (Creative Suite, every PDF application), Google (Gmail, web office, YouTube)...