The problem is, WeWork is not a technology company. Neither is Airbnb or Uber. They all use software via the internet to leverage surplus physical space, whether the space is in an office building, a private home, or a privately owned car.
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The slowing Funk refers to is in fundamental innovations like transistors and lasers. The apparent progress often turns out to be in patent applications for a bewildering array of comparatively insignificant mobile phone apps.
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Twenty years or so ago, when I worked in Seattle, Microsoft was famous for the testing coding skills of their applicants and asking Mensa-like questions. Degrees were secondary.
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Optimism is not driving the recent collaboration and corporate consolidation in the self-driving car industry. Rather, their retrenchment is protection against an uncertain future.
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