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Big tech enters an era of uncertainty, becomes driver of US stock markets

Many of those who are closely involved in tech inventions and innovations feel that we may now be in the midst of accelerating disruption

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Mohamed A El-Erian
Big tech continues to dominate the news and has become a major driver of US stock markets. But the sector’s dominant narrative has changed in the last few months. Amazement at the power of disruptive innovation to change not just what we do but also how we do it is now accompanied, if not tempered, by concerns about misuse and other unintended adverse consequences.

This has raised important questions about interventions by governments, companies’ self-regulation, incentive alignments, corporate responsibility and financial prospects.

Consider the following six issues:

Speed of change: Many of those who are closely involved in tech inventions
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Mar 29 2018 | 10:08 PM IST

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