Fifty years ago, three young men working out of a modest ranch-style home in Los Altos, California, changed the world by creating Apple Inc. But is Apple’s success (at one point this year, a $5 trillion market cap) a one-off or yet another example of how innovation has flourished in the 250 years of the American republic? Stephen Haber, the Hoover’s Institution’s Park L. Loughlin senior fellow and co-author of an upcoming book on innovation, explains why Apple has flourished and how the tech giant’s operation reflects the uniqueness of America’s ecosystem as an incubator of emerging technologies. Also discussed: battery development as an innovative “sleeper”, the promise and peril of artificial intelligence, and why Haber, in his capacity as a Stanford University professor, plans to keep screens and electronic devices (sorry, Apple and its competitors) out of his undergraduate classroom.
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