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It was one of Stross's first books, a fixup of older short stories. He gets better.
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It was a pretty prominent work of the singularity subgenre. At least I remember it being the first one featured in this Popular Science article about the future of science fiction:

https://books.google.com/books?id=yaHf5PavpB8C&lpg=PA93&dq=%...

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