In the story of technology in 2001, where do we begin?
In technology in 2001, 8.6% of people used the internet.
This was the year that the dot-com bubble really hit a crisis point. The dot-com bubble was a quick rise in the technology stock market in the U.S., which was fuelled by investments in internet-based companies in the 1990s.
The bubble that formed was fed by pure speculation, market overconfidence, easy capital, and cheap money. Undertaking capitalists invested in any company that had a “.com” after its name.
As capital began to dry up, the dot-com bubble started to burst. By the end of 100`, most of the dot-com companies folded, and trillions of dollars of capital that was invested evaporated.
Technology Advancements In 2001
What did the tech landscape look like in 2001? What were the ground-breaking new innovations that shaped the tech world, and what was considered high-tech? Following are the most important events in the technology timeline in 2001!
Launch of BitTorrent
BitTorrent enables users to distribute electronic files and data over the internet in a decentralized manner. The communication protocol for P2P was designed by a programmer at the University at Buffalo called Bram Cohen.
Cohen created this protocol in 2001 because he was frustrated from the long download times he was experiencing using applications such as FTP. Thanks to its efficient use of bandwidth, many file-sharing sites are based on BitTorrent nowadays.
Opening of The First Apple Store
Apple opened its first store in Glendale Galleria in Glendale, California, and Tysons Corner in McLean, Virginia, in 2001. After this, many critics from the industry called the movie a huge mistake and thought it was foolish of Apple to dip into retail waters. However, the move that Apple did turned out to be a success.
On the day the store opened in Virginia, there were around 500 people waiting lined up in the pre-dawn hours. As the day progressed, the queue reached over 1000 people. In the meantime, people were also lining up at the store opening in California.
The stores had crystal white glass, brushed steel, and light wood. The space was well-lit and spotless. The success of the first two stores made it possible for Apple to open hundreds of stores that are now located worldwide.
Launch of Wikipedia
Philosopher Lawrence Sanger and Internet entrepreneur Jimmy Wales created Nupedia, and the plan for it was to feature peer-reviewed, expert-written content. However, Nupedia lacked speed. Only two articles made it through the process in the site’s first six months.
Sanger suggested creating a complementing site that anyone could contribute to without reviews from editors. This led to the creation of Wikipedia, which launched as a part of technology in 2001. In its first year, Wikipedia had over 20,000 articles in 18 different languages.
Today, Wikipedia is a well-respected database for creating, searching, and browsing through the information on the internet.
Release of Mac OS X
When it comes to technology in 2001, Mac OS X was released. It was based on the Unix-like operating systems NeXTSTEP/OPENSTEP, NetBSD, and FreeBSD. With this operating system, multiple apps could be run efficiently at the same time. Mac OS X presented a reliable and stable platform.
Release of the iPod
Apple release the 1st generation iPod in 2001. Even though it was not the first MP3 player o the market, it was easier to use and smaller than many of its competitors. As a result, it quickly attracted strong sales. When it was introduced, it was a Mac-only product.
Along with the release of the first iPod, Apple also released its first earbuds. They were never named, so they were often referred to as “the iPod’s earbud-style headphones” and “iPod headphones.”
Release of Windows XP
Speaking of technology in 2001, Microsoft released the Windows XP operating system. This version is considered to be more stable than the previous versions of the operating system. Windows XP persevered much longer than Microsoft had planned, and it was widely adopted by the industry.
Introduction of iTunes
Talking about technology in 2001, Apple released iTunes. It was based on the software of SoundJam MP by William S. Kincaid, the rights to which Apple bought. In the beginning, iTunes functioned music player, and it was only supported on the Mac. Over time, iTunes developed into an e-commerce platform, hardware synchronization manager, and multimedia content manager.
The Anna Kournikova Virus
When it comes to technology in 2001, Dutch student Jan de Wit created the virus Anna Kournikova. The virus was spread through an email attachment, supposedly a picture of tennis player Anna Kournikova.
The author of the 1999 Melissa virus, David L. Smith, aided the FBI in figuring out the identity of De Wit. De Wit posted a confession to a newsgroup and a website devoted to the tennis player, and he turned himself into the police.
A few days after the virus was released, Sieboldt Hartkamp, the mayor of Sneek, said that the city should be proud that it produced such a talented young man as De Wit and offered him a job in the local administration’s I.T. department.
Other Honorable Mentions
Some other events that happened in technology in 2001 we would like to mention are:
- Microsoft announced that Windows 95 would no longer be sold to any more customers and was now a legacy item.
- HyperTransport, a technology for the interconnection of computer processors, was introduced.
- Microsoft announced that Clippy, the office assistant, wasn’t going to be included in forthcoming releases of Microsoft Office.
- Nevada was the first state in the U.S. to vote to legalize online gambling.
- Toshiba announced it would stop selling desktop computers in the U.S. and would instead focus on servers and computing.
- Michael K. Bergman, a computer scientist, used the term “dark web” for the first time.
- Gathering of Developers released Max Payne, a shooter video game. The game has had enormous success over the years worldwide.
- Mailchimp, an American email marketing service and marketing automation platform, was introduced.
- I. by Steven Spielberg is released. The movie tells a story about a humanoid robot called David, that can feel and express emotion.
- Google introduced Google Earth.
- The Klez virus, one of the most destructive worms in history that caused an estimated $19.8 billion in damage, was invented.
- The Kylin operating system was invented for the Chinese military and other government organizations to use.
To sum it up, 2001 was a great year in technology for us. There were some great technological advances in technology in 2001, from the launch of BitTorrent to the opening of the first Apple store. However, analysts saw the reality of the technology world still waiting to go on a journey of major advancements.
If you want to know more about how technology progressed throughout the years, make sure you check out our knowledge base section!