Why the A.I. Boom Is Unlike the Dot-Com Boom
Now Silicon Valley is in the middle of an artificial intelligence boomthat bears some obvious resemblances to the dot-com boom. Much of the rhetoric about a glorious world to come is the same. For all the similarities, however, there are many differences that could lead to a distinctly different outcome. The main one is that A.I. is being financed and controlled by multitrillion-dollar companies like Microsoft, Google and Meta that are in no danger of going kaput, unlike the dot-com start-ups that were…