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paul-martin
- 27
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Can someone tell me what you get from that law, getting confused by my teacher notes; they tend to contradict themselves somehow.
Schmidt's law, also known as the "law of accelerating returns", is a theory proposed by inventor and futurist Ray Kurzweil. It states that the rate of technological progress is increasing at an exponential rate, leading to a future in which technological advancements occur at an unprecedented pace.
Moore's law, which states that the number of transistors on a computer chip will double every 18-24 months, is often cited as an example of Schmidt's law in action. As technological progress accelerates, the rate of doubling also increases, leading to more rapid advancements in computing power.
While Schmidt's law has gained popularity among futurists and technologists, it is not a universally accepted theory. Some argue that technological progress may eventually plateau, while others believe that human limitations will prevent exponential growth from continuing indefinitely.
Proponents of Schmidt's law point to the history of technological progress, which has followed an exponential pattern. They also cite the increasing rate of scientific discoveries and advancements in fields such as artificial intelligence and biotechnology as evidence of the law in action.
If Schmidt's law holds true, it could have significant impacts on society and the economy. It could lead to rapid technological advancements and disruptions in various industries, as well as potential ethical and societal challenges. It also raises questions about the future of human evolution and the potential for merging with technology.