Transistors, Memory And Moore's Law
Moore's law, named after legendary Intel co-founder and scientist Gordon Moore who popularized the maxim that the number of transistors on integrated circuits doubles every two years, is one of many examples of the exponential growth of accelerating technology, says Kurzweil. "I was excited in 1968 when you could buy a transistor for a dollar," says Kurzweil. "I used to pay $50 for a relay, which is slower and bigger. Now you can get billions [of transistors] for a dollar and they are better because they are smaller. The cost of a transistor cycle has been coming down by about half every year."