In fact, the world is preparing to eat software (companies). China's crackdown on tech companies, to make sure they know who's boss, is just happening a little earlier than it will in the West. The ongoing crackdown on cryptocompanies, more regulation concerning adtech privacy, and so on are part of a coming wave of government (and society) putting Software under the rule of law. Which someone as old as I am, can recall hearing Internet zealots in the early 90's say wouldn't happen. But, once software "ate" the world, it became part of the world, and the world paid a lot more attention to it. It's not a coincidence that most Big Tech companies now are not run by founders, they are run by people who are more savvy politically, because that's what will matter more to the future success of Microsoft, Google, Amazon, Apple, etc.

Mark Zuckerberg, now would be a good time for you to take your check and head for the exit...

I don't see anything beyond anecdotal evidence that supports the claim in the title. Most of the support centers around innovations in the B2C market, but the B2B market is 10x larger, and where I would argue a lot of the innovation is taking place. It seems right now a lot of the bottleneck is on hardware, when we look at something like training NN models. Who knows, maybe once that bottleneck is relieved, the next bottleneck may be human creativity, and who knows what kind of innovations could take place in that kind of environment. Interesting read nonetheless.