Comment by dbspin

> IBM controlled 70% of the computer market at the time.

The computer market was microscopic at the time.

> Can you give me a concrete example that’s relevant to the deployment of computers?

Nvidia. 92% of domestic GPU market, 85% of AI datacenter market.

The AI investment bubble is exploding the cost of everything that contains RAM or SSD storage. This is having and will have detrimental effects on the global economy, as supply shortages enormously increase the cost of consumer electronics, cars, anything which requires memory.

Not because AI is making so much money, far from it - it's a money sink. Rather, it's because the global supply of money got so large and so unequal that it ran out of vehicles which would provide sufficient returns for the indolent investment class. So they jumped into speculation - first crypto, now AI and the tech that enables it.

To the benefit of whom? Mass layoffs, tech industry consolidation, new products being cancelled left and right.

Ironically there's no equivalent in the modern era. This is peak social inequality breaking the economy for everyone outside the .001%. And it didn't happen because of a shortage of a raw material, or physics breaking Moore's law. It happened because big tech centralised power into a handful of gigacorporations - creating a handful of ultra-billionaires - who are enormously incentivised to centralise technology itself.