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Why the A.I. Boom Is Unlike the Dot-Com Boom

Silicon Valley is again betting everything on a new technology. But the mania is not a reboot of the late-1990s frenzy.

© Joe Buglewicz/Bloomberg

Ben Horowitz, a major A.I. venture capitalist, in 2019. “The clearest sign that we are not actually in a bubble is the fact that everyone is talking about a bubble,” he said.
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