As discussed in Chapter 1, the abundance of money in big tech over the last decade has coincided with a scarcity of ideas, as indicated by the billions of dollars the large tech firms have been amassing. But beyond antitrust law and regulation, recent technological advances like the theoretical breakthrough of transformer-based AI and the user-facing advancements represented by OpenAI’s ChatGPT and other large language model-based tools might be the most significant accelerants for another corporate R&D bubble.
