1999 was triggered by fraud, there was far more demand on paper for high bandwidth applications than was justified for all the fiber layout and over-investment in Internet technologies.
The difference today is that every piece of capitalism immediately 100% utilized once it is plugged in.
Sam Altman made a post on Reddit in 2023 implying OpenAI had achieved AGI internally. Later he “clarified” it was a joke, however there was some speculation that he didn’t understand what AGI actually meant at the time.
The difference today is that every piece of capitalism immediately 100% utilized once it is plugged in.