Exponential technological progress, where advancements double in power or efficiency while halving in cost, is increasingly becoming our reality. This phenomenon, known as Moore’s Law, is impacting various sectors such as computing, medicine, and energy. It’s expected that by 2020, the average desktop computer will have the same processing power as the human brain.
The implications of this progress are vast. In the medical field, advancements in gene sequencing and editing technologies have the potential to eradicate genetic diseases. In energy, solar power is on an exponential cost decrease curve, which could lead to it becoming the world’s primary source of energy.
However, this rapid progress also brings challenges. Society must adapt to the pace of change and deal with issues such as job displacement due to automation. It’s also crucial to ensure that the benefits of technology are evenly distributed, preventing a widening gap between the rich and the poor.
Despite these challenges, the potential benefits of exponential technological progress are immense. It holds the promise of solving some of the world’s most pressing problems, from climate change to disease, and could usher in a new era of abundance.
Go to source article: https://medium.com/@nivo0o0/when-exponential-technological-progress-becomes-our-reality-74acafd65e26