There's side effect benefit of big kahuna companies mainly on the significant breakthrough and game changing research output because these excellent researchers are paid handsome money compared to conventional universities or research institutions. We saw this with AT&T Bell research labs with their inventions of transistor and Unix, among others. The same thing happened with Google research with (arguably) deep lear…
This is a theoretical benefit which is directly at odds with the benefits of competition in a healthy market. For google, my observation is the "big kahuna" benefit of google basically does not exist and competition needs to be restored. Google is famous for not innovating on anything successfully, they produce graveyards of trash. Instead what they do is buy other companies then enshittify them in an anti competitiv…
- AlphaFold (just won a Nobel prize)
- Transformers (the "T" in GPT)
- Waymo (autonomous vehicles)
- Sycamore (quantum computing)
These are just a few off the top of my head.
If your idea of innovation is a better RSS reader, then sure, I agree with you. But in terms of things that push the forefront of technology, I have a hard time thinking of another company with greater impact in recent years.