Law of Accelerating Returns
What is Law of Accelerating Returns?
Compound interest is a concept that is similar to the Law of Accelerating Returns. It asserts that every exponentially increasing technology will ultimately reach a point where its pace of expansion will be so rapid that projecting future developments from existing patterns would be impossible.
The notion of the technological singularity, which Ray Kurzweil defines as “the moment in the future when the rate of technological progress will be so rapid, its influence so deep, that human life will be permanently altered,” has been linked to the word.