Exponential growth

Luckily for the king, the wise man allowed him to pay in installments.

So this legend is an example of exponential growth.

To find the number of grains that must be placed on each square, we simply raise two to a particular exponent.

We start with one, which we could think of as two to the zeroth power, since anything raised to an exponent of zero will be equal to one.

Wh- which, which is?

The Cost of Exponential Growth.

The Cost of Exponential Growth.

Yes.

All right.

Yes.

Yeah.

Search, search for The Cost of Exponential Growth.

But let me give a bit of background.

I couldn't understand why there's only seems to be a few people that I know of, you and I are two of them, that are recognizing this exponential growth.

As you said earlier, it happened with the Model T Ford, it happened with cell phones, and it's happening with solar panels.

It happens with most major technologies.

You know, we we've we've had autocorrect for a long time on our cell phones, on our The applications that we use, you know, we type and we get suggestions for auto-correcting the spelling of things or even the grammar of things and so on.

And, of course, now we have chatbots.

It seems to be a similar trajectory of exponential growth and democratization of these technologies.

Would that be an example?

So w- could you walk us through what you see as structural changes through the last hundred years or so?

First of all, let's define what you and I are calling a structural change, and that's a change in the way humans interact with technology and, and how we live our lives, resulting in exponential growth for our industry.

So that's a structural change as opposed to a bubble or a cyclical change.

Now, the first one that I can come up with would be back in the 1940s when we, the industry went from vacuum tubes to transistors.

And, um, I think AI definitely fits into that box.

Yeah.

And, and, and so an underlying thread for all of this is, uh, the famous Moore's law, which is an example of, uh, exponential growth.

Uh, and, and Moore's law, just as a reminder for everyone, was that roughly every two years, the number, the transistor density would double.