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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
by mensetmanusman 1y ago
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.
- ModernMech 1y agoAnnouncing to the world "AGI has been achieved internally" when that's not true seems like fraud to me.
- fzzzy 1y agoWho did that?
- postflopclarity 1y agoAltman made this claim.
- bigtunacan 1y agoSam 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.
- woeirua 1y agoTell me you don't understand why the dot com crash happened without telling me you don't understand why the dot com crash happened.
- ac29 1y agoCalling the whole bubble fraud is wrong, but Enron, Worldcom and Microstrategy all blew up due to fraud in the 2000-2001 time frame.