How a bad bet built the internet: a short history of bubbles

January 14
20 mins

Episode Description

According to a Harvard economist, spending on data centers and artificial intelligence accounted for 92% of U.S. economic growth in the first half of last year.   

That's fueled speculation that we’re in an AI bubble, because spending on that level doesn’t feel sustainable. If the bubble pops and the spending stops, the shockwave could hit all of us. Past economic collapses led to bankruptcies, lost retirement savings, and disappearing jobs. 

But sometimes, the crash leaves something good behind... that we may not fully appreciate for years. 

This week, we look at bubbles from the past and ask: When the money burns away, what’s left? 

Thank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/boomingnotes.

Booming is a production of KUOW in Seattle, a proud member of the NPR Network. Our editor is Carol Smith. Our producers are Lucy Soucek and Alec Cowan. Our hosts are Joshua McNichols and Monica Nickelsburg.

Support the show: https://kuow.org/donate

See omnystudio.com/listener for privacy information.

See all episodes

Never lose your place, on any device

Create a free account to sync, back up, and get personal recommendations.