AI Hype-Driven Development - Parallels in History -
Simulmatics as a company was established in 1959 and declared bankruptcy in 1970. The founders picked this name as a mash of ‘simulation’ and ‘automatic’, hoping to coin a new term that would live for decades, which apparently didn’t happen! They worked on building what they called the People Machine to simulate and predict human behavior. It was marketed as a revolutionary technology that would completely change business, politics, warfare and more. Doesn’t this sound familiar?!