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> Google is effectively being punished for retaining their earnings and re-investing in tons of software R&D over the years

They have indeed invested tons in r&d, but with excessively little results. Besides web search it's tough to see succeses that Google didn't buy their way into. Gmail, maps, ... maybe?



Who knows when or if this current AI wave would've happened without Google.


That argument cuts both ways: Who knows how much longer we had to wait for this AI boom because google was sponging up every genius to work on ad selling algorithms.




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