〰️The great computing stagnation

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What is the impact of this slowdown? The increasingly critical role computation has played across disparate industries suggests the impact is immediate, and will only get more significant if Moore’s Law falters further. Take two extreme examples: increased computing power and deflating costs account for 49% productivity growth for oil exploration in the energy industry, and 94% growth in protein folding prediction in the biotechnology industry. This means that the impact of computing speeds is not limited to the technology industry, but that the majority of economic growth of the past 50 years was a second-order effect driven by Moore’s Law, and that without it the world’s economy could stop growing.