IT upgrades in response to Covid-19 appear to have run their course.
However, Google (or Alphabet) provides a good insight into the innovation that could ignite a new wave of spending in IT. A powerful new search engine is in the offing, using a more sophisticated AI tool – ‘a virtual research assistant sifting the web for solutions to complex questions.’
The creation of a ‘Google universe’, internalising search traffic, raises important anti-trust questions.
Indeed, the backlash against ‘consumer tech’ has intensified in China.
As the commentary for July 30th warned, there is an inescapable political logic to China’s clampdown on technology and the planned new data privacy laws.
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Summary
• And accelerates correction in commodities
• Chip demand may take a hit
• But US software companies, chip designers, better protected
