AXIOS February 24, 2025
A hot startup that grew overnight into a billion-dollar behemoth is racing with established tech giants for supremacy in a new market that everyone expects will unlock a future of abundance and profit.
Flashback: That sounds like a description of OpenAI vs Google et al., but it’s actually an account of the “browser wars” at the dawn of the web 30 years ago — when Netscape vied with Microsoft to control the software people would use to access the internet.
Why it matters: In 1996 or 1997, a couple years after forward-looking tech leaders first realized that “owning” the web browser would be a prize, Google — the company that would ultimately win the race — didn’t even exist.
Today,...