Michael Cusumano

Dec 11, 2024 | cacm.acm.org | Michael Cusumano

In August 2000, Intel briefly had a market value of $509 billion (more than $930 billion in 2024 dollars). It was the most valuable public company and the “platform leader” in the personal computer industry along with Microsoft. At the start of  December 2024, Intel’s value stood at $104 billion (after falling under $100 billion), far below Microsoft ($3.1 trillion) and Apple ($3.6 trillion). Nvidia ($3.4 trillion) became the new leader in semiconductors, rivaling Apple in market value.

Sep 4, 2024 | cacm.acm.org | Michael Cusumano |Alex Williams |Saurabh Bagchi |David Geer

Governments have been creating public “fiat money”—financial instruments such as paper notes used to buy goods and services or repay debts, with no backing from physical assets such as gold or silver—for more than 1,000 years. Banks have been creating private money even longer, whenever they receive deposits and then make loans.

Dec 21, 2023 | cacm.acm.org | Michael Cusumano

View as:PrintMobile AppACM Digital LibraryIn the Digital EditionShare:Generative AI has attracted worldwide attention as a foundational technology with almost unlimited applications (see my previous column, "Generative AI as a New Innovation Platform," Communications, October 2023).

Sep 22, 2023 | cacm.acm.org | Michael Cusumano

View as:PrintMobile AppACM Digital LibraryIn the Digital EditionShare:Rising attention about generative AI prompts the question: Are we witnessing the birth of a new innovation platform? The answer seems to be yes, though it remains to be seen how pervasive this new technology will become.