by Revolver News Staff at Revolver.news
Everyone’s betting the farm on artificial intelligence. But that farm might be in big trouble.
Tech giants, startups, Wall Street, you name it… they’ve all gone all-in on the next “revolution.” But if this feels familiar, it’s because we’ve seen this movie before. The year was 1999, and the internet was supposed to make everyone rich. Companies with no product, no profits, and no plan were valued in the billions… until the music stopped.
READ MORE: Huge crowd of Muslims gathers to claim New York City for Islam…
Who can forget Pets.com? They were the poster child of the dot-com crash.
They had that goofy sock-puppet mascot and massive Super Bowl ads, but almost no actual revenue. The company raised over $80 million and went public in early 2000… and was bankrupt by November of the same year…
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