""The power has shifted in Big Tech from the FAANGs and the Mag 7s over to the AI leaders," venture capitalist Kristina Shen recently said on CNBC. "It's very clear in terms of the products they're shipping, the consumer love they're demanding and the types of acquisitions they're making that they are controlling consumer sentiment." Zoom in: Different iterations of MANGO are coming up in blog posts and on social media. Some people think of Meta and Apple instead of Microsoft and Anthropic."
"But each company has earned its place in the new acronym for AI prowess - whether that's Microsoft's ability to reach millions of Americans at work with Copilot or Nvidia's chip dominance. "Once you hear it you're like, 'Oh, of course,'" says Robert Rosenberg, partner at Moses Singer and managing director of MS Strategic Solutions, who recently wrote on MANGO's rise."
"Between the lines: MANGO is also the new goal for computer science graduates across the country and around the world. But landing these coveted jobs is harder than it was in the FAANG era. The 15 largest tech companies' hiring of new grads has plummeted more than 50% since 2019, the San Francisco Standard reports, citing VC firm SignalFire."
Power in Big Tech has shifted from FAANG and Mag 7 companies to firms leading in artificial intelligence. Multiple companies now form a new AI-centric cohort called MANGO, reflecting dominance in AI product releases, consumer adoption, and strategic acquisitions. Examples include massive workplace reach for AI copilots and market leadership in AI chips. MANGO positions are highly sought by computer science graduates worldwide, while hiring of new graduates at the largest tech firms has fallen dramatically since 2019. Leading AI companies are competing intensely and expensively for a small pool of top AI researchers, reshaping industry priorities.
Read at Axios
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