Value Creation

This stuck out to me while reading this article:

“Hardware’s very interesting [but] it’s really software that gets the majority of the value creation,” said Jack Hidary, the serial entrepreneur who leads X’s quantum research, in a November talk at Carnegie Mellon University. He pointed to how software companies such as Microsoft are collectively worth much more than the hardware manufacturers their products run on, even though it was advances in hardware that initially created the computing industry.

https://www.wired.com/story/alphabet-second-secretive-quantu…

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