Why big tech stopped building useful stuff
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It turned out to be extremely lucrative.
Parasitical arrangements often are.
Because business law has not caught up with conflict-of-interest business models (surveillance-manipulation is that), and anti-trust law has not caught up with the unbelievable lock in that complex information-based products and services can leverage (network forces far greater than any form of price fixing, etc.), it still is.
The problem is worse than Silicon Valley losing its way. Civilization simply shouldn't tolerate parasitical businesses, no matter how many shiny yachts it's oligarchs let politicians vacation on.
Ethics are not a value to trade off against economic growth, they are one of the engines of both greater and less-centralized growth.
There’s this popular misconception that companies only chase stock valuation but it doesn’t look true.
Google and Meta are the only Big Tech companies that even have a presence in AI and it’s being led by Anthropic and OpenAI, neither of which were Big Tech.
It is only important for 3 letter agencies because they also get your frustrations and they can give you answers.