Source: Wall Street News
Under the control of technology giantssingle0rouletteAI startups seem to have difficulty breaking through in areas such as social media, cloud computing, office software and chips.
The disruptive AI revolution has pushed U.S. stocks to historical highs, while the status of technology giants remains solid.
Overnight, as U.S. inflation eased, Wall Street traders pushed U.S. stocks to record highs and favored large technology companies. Most technology giants such as Nvidia, Meta and Microsoft all gained more than the S & P 500.
The friendly attitude of the market is exactly what big technology companies want. Microsoft, Google parent company Alphabet, Meta and Amazon need investors to ignore their profit margin flaws as they need to build more data centers and find sources of power to boost their bets on AI, and the prospect of a Federal Reserve rate cut is further driving its share price higher.
Although the AI revolution is disrupting every aspect of technology and markets, it has not yet disrupted the largest companies in the technology field.
Google unveiled dizzying new artificial intelligence features in dozens of existing products, from search to Gmail, at the I/O Developers Conference. Alphabet owns YouTube and hosts a large number of emails around the world, which is very helpful in building artificial intelligence products.
After this week's competitive launch of new products from Google and OpenAI, anyone trying to build a new AI application startup seems to have to consider whether there is a chance to compete with Alphabet? Is there any chance of winning against Alphabet and Microsoft-backed OpenAI?
In addition, CNBC released its "Technology Disruptors List" on Tuesday, companies on the list seem to have difficulty disrupting technology giants 'control over social media, cloud computing, office software and chips. Instead, they focus on selling fighter jets, payment software, data tags and other areas.
Risk warnings and exemption clauses
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