Moore's Law: Computers Getting Faster, Cheaper, and Better

Moore's Law, proposed by Gordon Moore in 1965 and popularized by David House, states that every 18 months, computers double in power, speed, and efficiency. This principle has been true for several decades and is responsible for the technological advancements we see today. It has led to continuous improvements in computing technology, making computers more accessible and affordable. The experience curve and the network effect are two factors that contribute to the expansion of Moore's Law. The experience curve suggests that the more something is produced, the better and cheaper it becomes. Additionally, computers can now make more powerful computers, accelerating the progress. The network effect states that computers connected to one another exponentially increase their power. With the continual growth and improvement of computing technology, it is predicted that even more devices and everyday objects will become network-enabled in the future.