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Role of large corporations in driving innovations
Large corporations possess the financial scale and cash flow necessary to drive significant investments in innovation, which smaller companies often lack. Historical examples like AT&T's Bell Labs illustrate how this capacity can lead to groundbreaking technological advancements, including radar, transistors, and information theory. Similarly, modern giants such as Google with Waymo, Amazon, Microsoft, and Meta are investing billions in innovation, fostering advancements that can transform industries and daily life. This highlights that the size and success of these businesses do not inherently stifle innovation; rather, they can accelerate it through substantial R&D investments. Focusing on restricting large companies could hinder their potential to contribute to technological progress.