June 25, 2020
The Coming Demise of American Big Tech?
Future historians with an eye for inflection points may well focus on the Wall Street Journal of June 12, 2020. A page 1 banner reads, “Companies Pledge Actions to Promote Racial Justice” and recounts how in response to the George Floyd killing, Apple and Google are pledging millions to promote racial inclusion. Less than a week later, Google was more specific: allocating $175 million to sharply increase the number of black Google executives (30% by 2025), upping the firm’s anti-racism efforts, $100 million for black owned start-ups, $15 million for improved training for black job applicants and $3 million to schools to close gaps in computer education and STEM fields.
If Wall Street Journal readers flipped it over to the last page of Section A, they would have seen the banner, “China Pours Funds Into Tech Push.” The story told of China’s trillion-dollar investments in computers to overtake the U.S. in cutting-edge...(Read Full Article)
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