big tech suffer
As Big Tech suffers, startups can grow with AI
Check out all the on-demand sessions from the Intelligent Security Summit here. This year hasn't been kind to Big Tech. The FANG stock market index, which tracks the 10 largest tech companies, is down more than 40% this year. Meta, once the darling of Silicon Valley, has seen its valuation plummet by more than 70%. Part of the reason for the decline is that these companies are being hit by a perfect storm of antitrust regulations, data privacy concerns, and regulatory scrutiny, all amidst a volatile macroeconomic environment. But this doesn't mean that the future of the technology sector is bleak.