the Bay Area has repeatedly raced ahead of the rest of the world

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each time, new technologies

( microprocessors, graphical user interfaces, online commerce, social mediaโ€ฆ )

were conceived and refined here before spreading globally

these waves established Silicon Valley as not only an engine of innovation and thus a magnet for talent and capital

location matters

AGI is a nerdโ€™s dream in a way that mobile and social never were

demands new semiconductors to handle massive computation

requires novel memory architectures to process vast language models

needs breakthroughs in algorithms and deep computer science

large companies arenโ€™t what makes the innovation, what reshape industries.

itโ€™s (mostly) small companies, led by visionary, quixotic instigators that do.