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...But notably, for somebody that runs the biggest innovation ETF in the US, she did not catch any of the AI wave....
...The fact that giants are dominating another wave of tech innovation points to deep dysfunction in the system....
...The underlying driver there is the potential for large-scale application of an innovation in which the company holds a dominant role at present....
...Private innovation investment may follow suit: S&P 500 capex has picked up and US manufacturing capacity is growing at the fastest rate since 2008....
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