Opinion
Matthew Lynn is a financial columnist and author. He writes for the Daily Telegraph and the Spectator in London.
TL;DR
- There's a fashionable comparison between current AI infrastructure spending and past technological booms.
- Examples of past booms include the railroad mania, electrification in the 1920s, and the dot-com bubble.
- The AI frenzy might be a unique event, distinct from previous technological shifts.