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Misuse of the term is rampant, especially in finance, where some events miscategorized as Black Swans are just generally foreseeable occurrences. A classic example relates to historical accidents in technology, including the Chernobyl disaster and the sinking of the Titanic—both shocking yet clarifying in hindsight.
Examples of Black Swans in Technology
While there are notable Black Swan events that have had disastrous outcomes, there are also instances of positive technological advancements which fit the category. The invention of the transistor, personal computers, and the internet expanded human capability in unforeseen ways.