European Straits • 14 implied HN points • 13 Sep 23
- Innovation involves doing things differently with an impact, and it only counts when it can be scaled up and make a difference at scale.
- There are three types of innovation: efficiency, sustaining, and empowering (or disruptive) innovation, each with different impacts on capital, jobs, and industries.
- Empowering innovations like small nuclear reactors, AI, and satellite technology have the potential to reshape industries, but face challenges like capital availability and market readiness.