Get the latest tech news
How the dot-com bubble burst is relevant for the AI era
I watched the dot-com bubble deflate — not pop — from 2000 through 2001. The AI echoes are clear.
The history of financial bubbles, from the South Sea original that suckered in Sir Isaac Newton to the AI implosion of 2024 where a lot of the smartest people in tech seem set to lose their shirts, can be summarized thus: it's all about vibes, man. Time magazine was eventually sold to Marc Benioff, founder of Salesforce, who in 2000 was obsessed with promoting his company by sending me and other San Francisco journalists packages full of ... chocolate, for some reason. Together with news that the SEC was quietly cracking down on shady dot-com accounting practices, it suddenly felt like "the cops have finally burst in" on Silicon Valley's party, as Bloomberg wrote at the time.
Or read this on Mashable
