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Alphabet boss Sundar Pichai thinks artificial intelligence is bigger than fire, but then a CEO who has plowed boatloads of his shareholders' money into it would say that.
Where it ranks in the technological Hall of Fame alongside electricity, genetics, space flight or the wheel might be beside the point for those following the stock market's embrace of the theme. AI is showing all the hallmarks of a development that unduly fascinates the public just when it has excess savings. The closest fit seems to be the 1990's tech boom.