Silicon Valley's Oracles Are Reviving a False Prophecy

This article was co-published with Understanding AI, a newsletter that explores how A.I. works and how it's changing our world. In 2011, venture capitalist Marc Andreessen published an essay that became a kind of manifesto for Silicon Valley during the 2010s. "Software is eating the world," Andreessen declared. Computers and the internet had already revolutionized a bunch of information-oriented businesses: books, movies, music, photography, telecommunications, and so forth. Software also played a major supporting role in more tangible industries. New cars had dozens of computer chips in them, for example, and the oil and gas industry made heavy use of software to discover new drilling sites. But Andreessen, co-founder of the venture capital firm Andreessen Horowitz, argued that the software revolution was only getting started.