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Big Tech, But Bigger

The current AI boom looks a lot like the tech industry's rebound 30 years ago, when the commercialization of the internet ended an earlier period of malaise. But whereas the internet era fundamentally disrupted the technology industry, AI promises to make Big Tech stronger than ever.

SEATTLE – In November 1991, Time magazine released a special issue assessing the state of California, and the prognosis was grim. The cover featured a blood-red sunset sinking into a sea of rolling coastal fog, and one dispatch after another lamented the state’s faltering economy, political strife, fires and earthquakes, and the perennial rivalry between San Francisco and Los Angeles.