Thank you — your vote has been counted.

If AI compute really becomes a new infrastructure asset class, what’s the closest historical parallel?

  • Railways in the 19th century 136 votes (32.5%)
  • Electricity grids in the 20th century 106 votes (25.4%)
  • Mobile phone networks in the 1990s 94 votes (22.5%)
  • Cloud data centres in the 2010s 82 votes (19.6%)

Total votes: 418

Answer: Electricity grids in the 20th century

Explanation: Electricity started as a new technology, but the bigger economic transformation came when it became infrastructure. Once grids were built at scale, electricity powered countless businesses, industries and new technologies.