Has Technology Peaked?

A great deal of ink has been spilled trying to guess where technology is moving in the future. After decades of spectacular advances, many think this progress have peaked.

I don’t think they have, and those thoughts were supported in a recent article by Andy Kessler who follows technology for the Wall Street Journal. Here is how he begins:

Does history rhyme? A century ago, the ’20s boomed, driven by consumer spending on homes, cars, radios and newfangled appliances like refrigerators, sewing machines and vacuum cleaners. Most Americans couldn’t afford the upfront cost of a lot of these goods, so manufacturers and retailers invented installment plans. Debt ruled as 75% of cars, furniture and washing machines were bought on credit.

So what’s next? My fundamental rule for finding growth trends is that you need to see viable technologies today, and then predict which ones will get cheaper and better over time. Microprocessors, storage, bandwidth—all still going strong after half a century.

The fundamental building block of the 2020s will be artificial intelligence, particularly machine learning. Better to ask what it won’t change this decade. The artificial neural networks that made face and voice recognition viable were the low-hanging fruit. Now chips tailor-made for machine learning are increasing speed and cutting costs. A recent Stanford report suggests that the power behind the most advanced AI computations is doubling nearly every three months, outpacing Moore’s Law by a factor of six.

Want more? You can read the full article here