"That’s the real lesson. Market power in technology is temporary because the underlying technology isn’t."

"History, it turns out, didn’t end for Big Tech. ...

"Take Alphabet, which took plenty of flak for its control of the search engine market. Dominance, sure. But forever dominance?

"OpenAI’s new AI-enabled Atlas browser directly threatens Google’s Chrome browser, as well as its search business, by replacing the URL bar with conversational AI. What Washington lawyers couldn’t do to Google, technological competition just might. ...

"The cycle endures: IBM begat Wintel, which begat Google—and now OpenAI is queuing up next. These 'forever companies' are discovering that in tech, forever lasts about 20 years, and the bill for staying that long runs to roughly half a trillion bucks a year. ...

"That’s the real lesson. Market power in technology is temporary because the underlying technology isn’t.

"Even if these winners of the past are also the winners in futurity, they will find themselves utterly transformed by the AI revolution as they provide users with new kinds of value."

~ James Pethokoukis from his post 'The “Forever Company” Myth About Big Tech Didn’t Last Forever'