Big Tech Company
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A Big Tech Company is a large corporation that is primarily an IT company.
- Context:
- It can (typically) significant Market Influence on global economic and social landscapes.
- It can (typically) employ thousands to tens of thousands of employees, and often has a global presence.
- It can (often) be involved in multiple areas of technology, including Software Development, Hardware Manufacturing, and Internet Services.
- It can range from focusing on consumer electronics like Apple Inc. to search engines and advertising technologies like Google LLC.
- It can wield considerable influence in Public Policy and Market Regulation due to its size and economic power.
- It can attract significant scrutiny from Regulatory Bodies and Public Opinion for its practices, market dominance, and data management.
- ...
- Example(s):
- American Big Tech Companies:
- Apple Inc., in 2024, with cutting-edge consumer electronics and robust Software Ecosystems,
- Alphabet, Corp, in 2024, which demonstrates extensive reach in digital advertising, search technologies, and Cloud Computing Services,
- Microsoft, noted for its Software Products like Windows and Office, as well as Cloud Computing through Azure,
- Amazon, a leader in e-commerce and cloud computing via Amazon Web Services (AWS),
- Meta Platforms, formerly known as Facebook, dominating in social networking and now focusing on Virtual Reality,
- Tesla, integrating advanced technology in the automotive industry,
- Nvidia, renowned for its graphics processing units and accelerating Artificial Intelligence computing,
- Netflix, a pioneer and leader in the streaming entertainment service,
- IBM, with a long history in computing, now leading in Quantum Computing and AI,
- Oracle Corporation, specializing in database software and technology, cloud engineered systems, and enterprise software products.
- Other Global Big Tech Companies:
- Samsung Electronics, a South Korean giant in consumer electronics, semiconductors, and home appliances,
- Huawei, a Chinese multinational in telecommunications equipment and consumer electronics,
- Alibaba, a Chinese leader in e-commerce, retail, internet, and technology,
- Tencent, a Chinese conglomerate in various sectors including social media, entertainment, and cloud computing,
- Baidu, the leading Chinese search engine and leader in Internet-related services and AI,
- Sony Corporation, a Japanese conglomerate in electronics, entertainment, and financial services,
- SAP SE, a German multinational software corporation that makes enterprise software to manage business operations,
- Siemens AG, a German multinational in electronics and electrical engineering, operating in industry, energy, and healthcare,
- ASML Holding, a Dutch company and the largest supplier in the world of photolithography systems for the semiconductor industry,
- Ericsson, a Swedish multinational networking and telecommunications company.
- ...
- American Big Tech Companies:
- Counter-Example(s):
- Small Tech Startups, which typically lack the scale, resources, and market control associated with Big Tech Companies,
- ...
- See: Silicon Valley, Monopoly (Economics), Techlash, BATX, Dominance (Economics), Economic Sector, Alphabet Inc., Meta Platforms
References
2024
- (Wikipedia, 2024) ⇒ https://en.wikipedia.org/wiki/Big_Tech Retrieved:2024-5-9.
- Big Tech, also known as the Tech Giants, are the largest IT companies. The concept of Big Tech is similar to the grouping of dominant companies in other sectors. It generally includes the Big Five tech companies in the United States: Alphabet (Google), Amazon, Apple, Meta, and Microsoft. It can also include tech companies with high valuations, such as Netflix and Nvidia, or companies outside the IT sector, such as Tesla. Groupings of these companies include the Big Four (Alphabet, Amazon, Apple, Meta), Big Five (Alphabet, Amazon, Apple, Meta, Microsoft), and Magnificent Seven (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla). Big Tech can also include Chinese companies such as Baidu, Alibaba, Tencent, and Xiaomi (BATX).