AIFast Company Techabout 1 hour ago
AI 'new era' thinking repeats boom-bust cycle
7 min read
Historical "new era" optimism, from early 1900s trusts to the 1990s dot-com boom, repeatedly ends in panic, as with the Panic of 1907. The Netscape IPO, priced at $14, opened at double and hit $58.25, valuing the profitless company at $2.9 billion.
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