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BUSINESS REFLECTION: Crossed Wires: The surprising new socialist inclinations of Big Tech (opens original article in a new tab)

TL;DR

Big Tech's growing economic power is prompting discussions about government equity stakes to ensure public benefit, with support from diverse political figures.

  • Big Tech companies are gaining significant economic power, with valuations comparable to national GDPs.
  • Discussions are emerging about governments taking equity stakes in these companies to ensure public benefit.
  • Both political figures from different ends of the spectrum support the idea of state involvement in AI companies.

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