This is really hyperbolic. Facebook is not even closely comparable to those. Additionally, there's no market indication that won't be a need for services like AWS or hardware provided by Apple.
It's really weird how many people seem to _want_ the tech industry to just wither and die. It's unlikely and unrealistic. There may be a sharp correction, but it's unrealistic to think that the behemoths with a moat are going anywhere.
AWS is healthy. Apple is effectively immortal, but will slowly commoditize (10+ yrs) from lack of innovation.
Meta/Goog are (eng staff wise) oversized for their output. Both of their leaderships aren't leading very well.
Despite the hype and capabilities offered, none of the big players have find ways to use their AI assets. That's a poor indicator of their future. You can almost smell the disruption coming..
good point, other than applications in adtech for google/fb the only big tech company that is actually doing something with their ML expertise is nvidia IMO
No one said anything about tech dying (I said startups), but a repricing for sure.
We don't even know the market demand for these products because cheap money has made everyone a startup founder, and every company pivoted to providing a "tech" solution when it might not have been economically viable or provided any profit.
It's really weird how many people seem to _want_ the tech industry to just wither and die. It's unlikely and unrealistic. There may be a sharp correction, but it's unrealistic to think that the behemoths with a moat are going anywhere.