Earlier quoted context omitted.
They absolutely did. Microsoft was late to web and now we have O365, Azure, etc. I'd say, however, that this is less FOMO and more employee-retention. A team shifting from electric cars to generative AI sounds more like a directionless hype squad where you park flight risks who can still add value to other departments while they play with the newest shiny.
The issue with MSFT is they missed a lot during the era when they had to deal with regulators. It took away basically their whole decade starting from early 2000s.
And thank god their hands were tied for decade so others could come up and we weren't all stuck with MS for another decade or longer.
Can we do that to Google and Apple now?