The Law of Accelerating Returns
The Law of Accelerating Returns (LOAR) is a principle that states that the speed of technological development tends to accelerate over time. This has been observed in a wide range of technologies in both biological and non-biological domains. The law was first proposed by Ray Kurzweil, an inventor and scientist who has had a major impact on modern technology with his inventions such as speech recognition software, optical character recognition software, and text-to-speech synthesisers. He is currently working on artificial intelligence for Google’s parent company Alphabet Inc.
The Law of Accelerating Returns is an idea that describes the exponential growth of technology, and how it will affect our lives in the future. If you’re not familiar with it yet, this article will help explain what it is and why it matters.
The concept was first introduced by Ray Kurzweil in his book The Singularity Is Near: When Humans Transcend Biology …
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