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The Law of Accelerating Returns has in many ways altered public perception of Moore's law. [citation needed] It is a common (but mistaken) belief that Moore's law makes predictions regarding all forms of technology, [citation needed] when really it only concerns semiconductor circuits.
These questions are only a starting point from which to dig deeper. Approach high-tech investing with the Law of Accelerating Returns as one of several guides to the future of your favorite companies.
Kurzweil describes his Law of Accelerating Returns, which predicts an exponential increase in technologies like computers, genetics, nanotechnology, robotics and artificial intelligence. Once the singularity has been reached, Kurzweil says that machine intelligence will be infinitely more powerful than all human intelligence combined.
A study of the number of patents shows that human creativity does not show accelerating returns, but in fact, as suggested by Joseph Tainter in his The Collapse of Complex Societies, [84] a law of diminishing returns. The number of patents per thousand peaked in the period from 1850 to 1900, and has been declining since. [77]
The law of accelerating returns is probably the most important economic concept you've never heard of, with broad implications across the stock market, the economy, and politics. It's a simple ...
He further emphasized this issue in his 2001 essay "The Law of Accelerating Returns", which proposes an extension of Moore's law to a wide variety of technologies and argues in favor of John von Neumann's concept of a technological singularity. [52]
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That perspective helps explain a second chart from Goldman that shows the Magnificent Seven have gained 71% while the other 493 stocks have added just 6%. Given the benchmark's market cap ...