We need to spend the next 3-4 decades breaking up all these monoplies and duopolies. And then not allow it again, since this will be the second time we've had to do this.
this post was submitted on 26 Sep 2023
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These startups just wouldn’t exist at all then.
They start up with the intention of being bought out by a bigger fish.
Not a loss. You can make an AI startup with the goal of being profitable yourself.
You can, but it’s not what people generally do. Not have they since the web was created. Starting a website or tech startup to get bought out has been a thing since at least the dot com bubble.
I think the current startup scene leads to some pretty perverse incentives, as we’ve seen. However, I agree with you, and something needs to fill the void. A number of these startups have a very hard to no path to profitability but the ideas they come up with and execute on aren’t happening at larger corps.
I think maybe with less of a monopoly/duopoly/etc we can move past the “you have to own the whole market or it’s not worth it”-mindset. That’s one thing I hate so much about SV/startup culture. You’re either a unicorn or you’re a failure, which is total bullshit but when VCs and the like are involved those are the only 2 options.
I have my own side business, it’s small right now but it could grow to support me fully. It will never be a billion dollar idea, it will never “change the world”, but it’s an honest job and over time if I keep growing it I could go full time on it. I wish more people aimed for something like that.
I’ll also get up on my soapbox and talk about how things like UBI, universal healthcare, and similar programs would make this path 10000x easier for people. Having a safety net and not having to pay a second mortgage for healthcare would be nice.
So what you're saying is that it's a win for everyone except some borderline scammers then?
How do you not "allow" it? I'm pretty sure we also had to break things up during the gilded age?
The state has the power to prevent mergers, the problem is that courts have been captured and half of the time the governments are run by people that are perfectly fine with neo-feudalism.
The truth is that apple is buying because it has been unable to keep up with competition.
Focus of Apple has never been innovating, it has always been recognizing innovation from others with huge market potential, and invest to sell it to mainstream market.
This is what it is doing with ai as well. It has always been their business model, they are the best at it, so they'll keep doing it.
Agreed. Apple is rarely first to use a technology, but they sort of “perfect it”, or release a version that works for a large amount of the populous. Obviously they don’t always hit home runs but very often when they release a product it sets a new baseline of what to expect out of that type of thing.
And then sue the crap out of anyone that has anything somewhat similar
I know one thing, siri couldn't possibly get worse.
"I am sorry Aeternum, I can't let you do that. Your outstanding Apple fees mean I am unable to process your request. Please rectify your finances before using my services again"