Innovation is accelerating from "summary" of The Second Machine Age by Erik Brynjolfsson,Andrew Mcafee
The rate of technological progress is not constant; it is accelerating. We are living in a time when innovations are occurring at an unprecedented pace, leading to exponential growth in various fields. This rapid advancement is driven by a combination of factors, including the increasing power of digital technologies, the widespread availability of information, and the interconnectedness of the global economy. As new technologies emerge and older ones become obsolete, the pace of change only quickens. The Second Machine Age is characterized by a continuous cycle of innovation, where each breakthrough builds on the ones that came before it. This creates a compounding effect, with innovations feeding off each other and leading to even more rapid progress. One of the key drivers of this accel...
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