Moore's Law, the observation that the number of transistors that can be placed on an integrated circuit has doubled every two years, explains the exponential growth in computing power that enables all the innovation we web-heads love so much. Futurist Ray Kurzweil argues that the exponential growth of computing power extends beyond the history of the integrated circuit, though. Exponential growth in computing happened as a result of innovations prior to the circuit board and it will continue after the integrated circuit's dominance has been surpassed, Kurzweil believes.
Steve Jurvetson, one of the best-known technology investors in the world, has posted an updated version of Kurzweil's visualization of the history of exponential growth in computing. In his thought provoking discussion of the phenomenon, Jurvetson calls this "the most important chart in technology business."
"What Moore observed in the belly of the early IC [integrated circuit] industry was a derivative metric," Jurvetson writes, "a refracted signal, from th