Understanding the Second Machine Age is Vital to Our Financial Future

Economics, Industry, and Business , Gerd's Reads , Human Futures and AI , Updates

What distinguishes the second machine age from the first is intelligence. The machines of the first age replaced and multiplied the physical labour of humans and animals. The machines of the second age will replace and multiply our intelligence. The driving force behind this revolution is, argue the authors, the exponential increase in the power (or exponential fall in the cost) of computing. The celebrated example is Moore’s Law, named after Gordon Moore, a founder of Intel. For half a century, the number of transistors on a semiconductor chip has doubled at least every two years…

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Gerd Leonhard

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