A tech giant is a company that dominates the technological industry. These companies are usually well known and have a huge impact on the economy. They are also very profitable due to their monetization strategies. These companies often have a lot of data on their customers which allows them to target them with ads. This is what makes them so successful.
The five biggest tech giants are Apple, Alphabet (Google), Amazon, Facebook, and Microsoft. They are collectively worth over $3.4 trillion. The other tech giants are Alibaba, Tencent, and ZTE. Tech companies have a tremendous amount of autonomy and innovate at a much faster pace than government bureaucracies can manage. They are also able to sell to all parts of the world and have a massive impact on the economy.
Tech companies are increasingly becoming involved in geopolitics. They are protecting Ukraine from Russian cyberattacks, Google removes anti-Ukrainian content from its open-source maps, and Musk’s SpaceX keeps the country connected to the internet via 2,000 privately owned satellites. This is a difficult reality that governments are having a hard time adapting to.
These companies are often seen as having a huge impact on society, but they can be quite dangerous if they become too involved in the government. If they are too intertwined with the military and defense department, then accountability, ethics, and privacy may take a back seat. For example, Google’s parent company, Alphabet, has a contract with the National Security Agency for cloud services and has access to all the data that is stored there.