Faster-than-exponential growth also occurs in computing power, as measured by the evolution of the number of MIPS per $1,000 of computer from 1900 to 1997. Thus the so-called Moore's law is incorrect, since it implies only an exponential growth. This faster than exponential acceleration has been argued to lead to a transition to a new era, around 2030, corresponding to the epoch when we will have the technological means to create superhuman intelligence.

Anything that becomes digitized (biology, medicine, manufacturing, and so forth) hops on Moore’s law of increasing computational power.

Anything that becomes digitized (biology, medicine, manufacturing, and so forth) hops on Moore's law of increasing computational power.

In 1965, Gordon Moore, the founder of Intel, noticed the number of integrated circuits on a transistor had been doubling every twelve to twenty-four months. The trend had been going on for about a decade and, Moore predicted, would probably last for another.9 About this last part, he was off by a bit. All told, Moore's law has held steady for nearly sixty years. This relentless progress in price and performance is the reason the smartphone in your pocket is a thousand times faster and million times cheaper than a supercomputer from the 1970s. It is exponential growth in action.

It is no coincidence that 66 percent per year is the same as doubling every 18 months, which is the rate of Moore’s Law.

once a technology becomes digital — that is, once it can be programmed in the ones and zeroes of computer code — it hops on the back of Moore's Law and begins accelerating exponentially.

once a technology becomes digital — that is, once it can be programmed in the ones and zeroes of computer code — it hops on the back of Moore’s Law and begins accelerating exponentially.

Moore thought this was pretty amazing and he predicted that this trend might continue. Well, it has for fifty-five years. Moore’s Law is the reason the smartphone in your pocket is a thousand times smaller, a thousand times cheaper, and a million times more powerful than a supercomputer from the 1970s.

Low-cost fuels, high-performing vaccines, and ultrayield agriculture are just three of the reasons that the exponential growth of biotechnology is critical to creating a world of abundance.

The Law of Accelerating Returns: As order exponentially increases, time exponentially speeds up (that is, the time interval between salient events grows shorter as time passes). The Law... applies specifically to evolutionary processes.

Wright's Law > Moore's Law.
Stop making time-based predictions. Start making unit-based ones.
For every cumulative doubling in production, costs fall at a consistent rate. Reusable rockets. Industrial robots. Solar panels. Batteries.
This is the formula that predicts the future.

In his book The Singularity is Near: When Humans Transcend Biology, Kurzweil identified a hugely important and fundamental property of technology: when you shift to an information-based environment, the pace of development jumps onto an exponential growth path and price/performance doubles every year or two.

Inflation itself proceeds at a speed faster than the measured speed of light.

Once we can manipulate our genome, Lamarckian fashion, the rate of change will be staggering.