I agree that foundational technological advancement has slowed. Most “tech” innovation today, and market cap acceleration, is from innovative use of technolog

I agree that foundational technological advancement has slowed. Most “tech” innovation today, and market cap acceleration, is from innovative use of technology to simplify, scale, and leverage existing business categories. Not innovative advancement of technology. — We now have a company that manages and leverages the biggest network of scrapbook creators the world has ever seen!!! :) Their impact has been unprecedented in range and unexpected side effects. But at the end of the day, only a small fraction of their “innovation” has has an a hint of foundational flavor. Some papers and opened up software of fine tuned tech, but nothing ground breaking. And the product itself, whether you are a creator, advertiser, or audience, isn’t a technology. It’s just a highly commercialized scrapbook. — Google is asymptotically approaching the same. Though a fraction of their impact is new technology in published papers or into products. — A small portion of Apple is always focusing on foundational work specific to new device forms and user interfaces. Their full stack approach to computing devices isn’t as foundational but is unique (in vertical scale) and significant. Their expansion of services and media, and treating apps like media, is just tech in subservience to regular business. — AWS and cloud computing done at Amazon was foundational work. But now that, and most everything else is just tech optimized for business ends. — Microsoft is mostly optimizing tech, for others to use. They do basic research, but it’s not maturing into ground breaking products, seemingly any time soon. Kudos to them although the impact of their quantum computing and other advanced projects is 99% PR. And 1% hope that Microsoft won’t fumble commercialization. _ Netflix, optimizing tech for regular media distribution. Uber? Do I need to say anything? TikTok, Twitter, YouTube, and so many others, are glorified pinup boards with pinup ads. Old Silicon Valley wants its valley back. And it’s silicon. — AI first companies seem to be the only ones carrying the foundational computing tech torch - that I am aware of. NVidia is the foundational tech breakout on the big company, hardware side. And OpenAI, etc. on the small company, algorithm side. Tesla broke new ground, but progress has slowed, so going forward they are a definite maybe.