Where are the young companies trying to replace them? There are all the AI companies, but Google and Meta both have competitive chatbots, and OpenAI is signing weird deals that don't make it look like a long-term player.

They all get bought out by Amazon, Google, Meta et al. The cash just tastes too good when stacked up against the prospect of grinding for 15 years and probably nothing coming of it.

Google tried to sell itself to Yahoo! for a million dollars.

Remember these antitrust laws the US decided not to enforce? Turns out they are useful, after all.