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That's why our forefathers figured out antitrust laws, that we stopped enforcing around early 2000s. If there are 10 companies competing for the same market in
by matrix_overload 3y ago
That's why our forefathers figured out antitrust laws, that we stopped enforcing around early 2000s.
If there are 10 companies competing for the same market instead of 1-2, that's 5x more CEOs, 5x more accountants, 5x more engineers, much less inequality, and much more chances of actual innovation.
- teaearlgraycold 3y agoI’d rather see 1000 unicorns than one trillion dollar FAANG
- nickpp 3y agoThe chance to become the trillion dollar FAANG is what motivates those unicorns into existence. Without the latter the probability of getting the former decreases.
- WalterBright 3y agoI don't see any evidence of a slowdown in actual innovation.
- matrix_overload 3y agoI do when I track when my money goes. A lot of the products I actually spend money on are either made by 10+-year old companies from the West, or newer companies from China. This is quite disturbing actually, the "new wave of companies" isn't here anymore.
- WalterBright 3y agoChatGPT ?
- quadrifoliate 3y agoBasically trained by Microsoft's investment [1]. This fits with the parent commentator's thesis, which I also agree with. There hasn't been a significant effort to enforce antitrust in the software domain since United States v. Microsoft Corp in 2001, and we are seeing the consequences. ---------------------------------------- [1] https://www.theverge.com/2023/3/13/23637675/microsoft-chatgpt-bing-millions-dollars-supercomputer-openai https://www.theverge.com/2023/3/13/23637675/microsoft-chatgp...
- WalterBright 3y agoThere's been a heluva lot of innovation in software since 2001.
- quadrifoliate 3y agoNo one is arguing that there hasn't been any innovation, just that it's by the same 5 or so companies; and that there could probably be more if there was more competition.
- WalterBright 3y agoThat's just speculation. Startups are everywhere and are getting funded.
- imtringued 3y agoJust Google "evidence of slowdown of Innovation".