Tech Won't Save Us How Cloud Giants Cement Their Power w/ Cecilia Rikap
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Jan 2, 2025 Cecilia Rikap, an Associate Professor in Economics at University College London, examines the power dynamics of tech giants like Amazon, Microsoft, and Google. She discusses how these companies create dependency through their cloud services, impacting startups and large firms alike. The conversation dives into the implications of generative AI for corporate power and the need for viewing cloud services as public utilities. Cecilia also advocates for data solidarity and collaboration to foster a more equitable tech landscape.
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Cloud Infrastructure's True Nature
- Cloud infrastructure isn't simply rented computers; it's intertwined with intangible assets.
- This creates dependence, especially for startups who build their entire architecture on these platforms.
Big Tech's Cloud Strategy
- Big companies choose cloud services due to perceived cost savings and flexibility, but costs escalate with usage.
- They prioritize escaping uncertainty over long-term cost efficiency and technological independence.
Generative AI's Impact
- Generative AI's wide adoption has accelerated cloud dependence and AI adoption across businesses.
- This further solidifies the power of tech giants like Amazon, Microsoft, and Google.