HBR Staff via AI
The startup ecosystem is shifting due to the rise of artificial intelligence. AI favors larger companies, necessitating a change in mindset for startups from disruption to transformation. While startups will face challenges in accessing sufficient data and computing power, they still have opportunities to innovate by providing AI-driven services directly to consumers.
For 30-odd years, Silicon Valley had an extraordinary run. American entrepreneurs pioneered innovative digital businesses that disrupted sector after sector of the economy. These startups were massively profitable, minting enormous new fortunes and a new generation of titans.
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