Democratization of Technology through Software Commoditization

The rapid evolution of emerging technologies beyond AI, such as chip making, space industry, and biotech, is driven by the shift from hardware to software commoditization. This shift democratizes technology by converting once hardware-reliant industries into software problems, thereby enabling greater innovation, start-ups, and capital investments. The transformation of biotech from a hardware-centric field to a software-driven one, exemplified by CRISPR, signifies the profound impact of this transition on various industries.