Kara Swisher wrote for The New York Times about how this pandemic will put even more power into the collective hands of Big Tech companies.
Now, as we turn to the healthy companies to help us revive the economy, it could be that the only ones with real immunity are the tech giants. In this way, Covid-19 has accelerated their rise and tightened their grip on our lives. And this consolidation of power, combined with Big Tech’s control of data, automation, robotics, artificial intelligence, media, advertising, retail and even autonomous tech, is daunting.
This has been my fear as well. What happens to all the small businesses unable to loans from the government and money from customers? They get swallowed by delivery apps, whether it’s for groceries, alcohol, or other goods.
Check It Out: This Pandemic Gives More Power to Big Tech