A tech giant is a term that refers to big technology companies that have significant financial success and market dominance. These companies are usually revered for their innovative products and services, colossal global footprint, and disproportionate influence on the economy and society.
Tech giants like Amazon, Apple, Google, Microsoft, and Facebook are often considered to be the world’s five biggest technology establishments by market capitalization. However, other big technology companies like Netflix, Oracle, and Nvidia are also frequently referred to as tech giants as well.
Despite being lauded for their technological prowess, these companies have been criticized for the negative impact that they can have on society. Tech giants’ market power, influence, and societal reach have led to debates about corporate ethics, antitrust law, and economic fairness.
The tech giants are spending a lot of money to develop their artificial intelligence (AI) capabilities. For example, AMD is investing in the development of high-performance computing processors for data centers and AI chips that are optimized for machine learning training. Google and Microsoft are increasing their investments in cloud-based AI offerings.
Moreover, IBM has been investing heavily in quantum computing and enterprise IT. Meanwhile, Cisco is a technology giant in the networking and telecommunications sectors. Other companies that are also regarded as tech giants include Apple, which offers Mac computers and iOS devices; Palantir, a software company with close ties to the US government; and Intel, which develops PC microprocessors. Intel is the world’s largest chip maker and also provides CPUs for mobile phones, IoT devices, and 5G networks.