The dot-com era was not a cautionary tale about hype. It was one turn of a wheel that has been spinning for two centuries: every general-purpose technology gets

The dot-com era was not a cautionary tale about hype. It was one turn of a wheel that has been spinning for two centuries: every general-purpose technology gets adopted twice, first as an imitation of the old world, then as a rebuilding of it. The agent boom is in its first turn. History tells us, with surprising precision, what the second one looks like.