This is actually a frightful scenario- there’s only a “modicum” of the innovation in the Silicon Valley because the brightest minds in the world are building apps (or services running them).
I am linking it here because of my long running suspicion about Apple usurping it’s dominance in the healthcare via a carefull crafted “privacy narrative”.
The tech giants‘ deep pockets will enable them to withstand the coming global economic recession, a stark contrast to what industry insiders and analysts expect to be the biggest shake-up of the tech landscape in years. As many start-ups collapse, tech giants will expand on the power they’ve accumulated using the playbook of the last decade: snapping up talent, buying or copying rivals, and eroding traditional industries. Some of those weakened companies may disappear altogether and cede even more territory to tech.