What does the acronym internet mean?

Internet is not an acronym - it is a contraction.

The word internet is a contraction of the prefix 'inter-' meaning between or within a group, and 'network', which signifies a group of computers or similar devices connected together.

Originally, internet was used to refer to the large network which was created by linking the smaller networks located at universities, and civilian and military research establishments together. Hence, an inter-network network. Over time, and as the inter-net has grown, it has become commonplace to refer to the entire collection of devices as 'the internet'.

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