Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened
On this day in 1996, world chess champion Garry Kasparov defeated IBM chess-playing supercomputer Deep Blue.Where The Market Was
The S&P 500 was at 647.98 and the Dow Jones Industrial Average stood at 5,503.32.What Else Was Going On In The World
In 1996, DVDs were launched in Japan and the total number of global internet users surpassed 10 million. A loaf of bread cost $1.15.AI Computer Defeated
In a highly publicized event demonstrating the cutting-edge in artificial intelligence at the time, Deep Blue won just two out of a series of six chess games against Kasparov. The final game on Feb. 17 was a victory for Kasparov.In 1985, Kasparov had become the youngest world chess champion in history at age 22. Deep Blue developer Feng Hsiung Hsu began working on a chess-playing computer as a doctoral student the same year Kasparov won his first world championship.
