Summary of the law of accelerating returns Essay

Summary of the law of accelerating returns - Essay ExampleAccording to the article, Law of Accelerating Returns evolution relates to formative feedbacks relating to a phase of evolutionary progress is used to form the next phase. Therefore, the rate of advancement in an evolutionary process escalates exponentially over a period, which highly influences the Law of Accelerating Returns that involves rapidity, cost-effectiveness and complete power of a procedure. The second phase of exponential development occurs when higher resources are organized in the direction of moreover advancement. Biological and technological evolution dope be referred as evolutionary processes. For an instance, transistors are incorporated indoors a circuit to create powerful computers, which in turn provides a prospect for exponential exploitation until the computers become powerful. This induces a paradigm shift, which ensures that the process of exponential growth keeps persisting at a rate, which man ifold in individually decade (Kurzweil, The Law of Accelerating Returns).The Singularity is the technical revolution, which is so prompt as intimately as intense that the rate of exponential growth has become infinite and technology seems to be acclivity at limitless speed. Therefore, it can be considered that the Singularity will transmute different facets of our lives socially, sensually and economically. advance(a) technologies in the present day context, has been subjected to law of accelerating returns. Moores Law of Integrated Circuits came into existence, which was highly recognized in the national as a paradigm for exponential progression in computers. The overall speed of computers has doubled each year, which has given rise to flat chips used in computers. Moores Law has extended to such a aim in terms of computational power due to which exponential progression has not been viable. Thus, Moores Law can be considered as S curve. In agreement with the