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Today's AI hype has echoes of a devastating technology boom and bust 100 years ago

September 14, 2022 | TechXplore AI
Today's AI hype has echoes of a devastating technology boom and bust 100 years ago
A crowd gathers outside the New York Stock Exchange following the 'Great Crash' of October 1929. Credit: New York World-Telegram and the Sun Newspaper Photograph Collection, US Library of Congress The electrification boom of the 1920s set the United States up for a century of industrial dominance and powered a global economic revolution. But before electricity faded from a red-hot tech sector into invisible infrastructure, the world went through profound s