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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen12/7/2016 11:14:05 AM
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Silicon Valley Stumbles in a World Beyond Software



A Google drone lowered a box of dog treats and chocolate bars to a rancher in the Australian outback in August 2014, the payoff from two years’ work to show that a drone could make deliveries.

Google then scrapped the drone and started over.

One problem was how the wind often toppled the device on takeoff or landing. “It was a dumb thing about physics,” says Chris Anderson, chief executive of 3D Robotics Inc., which has made parts and software in Google’s drones.

Google parent Alphabet Inc. and others in Silicon Valley are broadening their sights from the digital to the physical world in a bid to expand their influence, and their bottom lines. They promise to reinvent everything from cars to thermostats to contact lenses. Yet in a sign of how innovation is stalling broadly in the American economy, they are finding their new terrain far harder to control than their familiar digital turf.

wsj.com

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