In tech, people often talk about Moore’s law when they want to stress the pace of innovation.
The law comes from Gordon Moore, a co-founder of tech giant Intel, who observed that the chips in our computers double their computing power every two years.
This compounded annual growth in computing power is the key driving force of technological change and economic growth. To put this in perspective, if you buy a computer today, it’s likely 32 times faster than a computer you could buy in 2010.
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