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The article’s framing is internally inconsistent: the title and lead graphic promote a narrative that the conclusion itself undercuts. This is compounded by a misleading timeline—Fed rate increases coincided with the start of mass layoffs, and at that time even leading AI labs were not pursuing agentic systems as a performance strategy. Stripped of this context, the headline and visuals invite sensationalized interpretations that the article’s own analysis does not support, undermining accuracy and responsible reporting.
"Almost every private company with a valuation over ten billion dollars is based either in the United States or in China."
In the US, at least, I imagine this is driven by a) more companies/startups per capita than elsewhere and b) a higher success rate in scaling them to > $10bn (or other value).
But does anyone have data to prove/disprove this hypothesis?
Don't forget about us Canadians! There is a very healthy startup culture in Toronto and some very interesting founders who are solving real customer problems at the go-to-market stage.
On customer service headcount, offshoring is also a significant factor for the decline. I know of a vendor in India that manages customer service for a U.S. bank, is currently hiring hundreds of people to run the bank’s customer service operations from India.
The article’s framing is internally inconsistent: the title and lead graphic promote a narrative that the conclusion itself undercuts. This is compounded by a misleading timeline—Fed rate increases coincided with the start of mass layoffs, and at that time even leading AI labs were not pursuing agentic systems as a performance strategy. Stripped of this context, the headline and visuals invite sensationalized interpretations that the article’s own analysis does not support, undermining accuracy and responsible reporting.
"Almost every private company with a valuation over ten billion dollars is based either in the United States or in China."
In the US, at least, I imagine this is driven by a) more companies/startups per capita than elsewhere and b) a higher success rate in scaling them to > $10bn (or other value).
But does anyone have data to prove/disprove this hypothesis?
Don't forget about us Canadians! There is a very healthy startup culture in Toronto and some very interesting founders who are solving real customer problems at the go-to-market stage.
On customer service headcount, offshoring is also a significant factor for the decline. I know of a vendor in India that manages customer service for a U.S. bank, is currently hiring hundreds of people to run the bank’s customer service operations from India.