

Since last week, some 12,000 stations dropped their price under $2/gal, with 45.1% of all gas stations (nearly 61,000) now selling under the $2/gal mark. The national average currently stands at its lowest since May 9, 2009, a date that saw 8.9% unemployment . . .
An analysis of the history of technology shows that technological change is exponential, contrary to the common-sense “intuitive linear” view. So we won’t experience 100 years of progress in the 21st century — it will be more like 20,000 years of progress (at today’s rate). The “returns,” such as chip speed and cost-effectiveness, also increase exponentially. There’s even exponential growth in the rate of exponential growth. Within a few decades, machine intelligence will surpass human intelligence, leading to The Singularity — technological change so rapid and profound it represents a rupture in the fabric of human history. [Italics in original]
The first technological steps — sharp edges, fire, the wheel — took tens of thousands of years. For people living in this era, there was little noticeable technological change in even a thousand years. By 1000 A.D., progress was much faster and a paradigm shift required only a century or two. In the nineteenth century, we saw more technological change than in the nine centuries preceding it. Then in the first twenty years of the twentieth century, we saw more advancement than in all of the nineteenth century. Now, paradigm shifts occur in only a few years time. . . .
As exponential growth continues to accelerate into the first half of the twenty-first century, it will appear to explode into infinity, at least from the limited and linear perspective of contemporary humans. The progress will ultimately become so fast that it will rupture our ability to follow it. It will literally get out of our control.
He has received twenty honorary doctorates, and honors from three U.S. presidents. Kurzweil has been described as a “restless genius” by The Wall Street Journal and “the ultimate thinking machine” by Forbes. PBS included Kurzweil as one of 16 “revolutionaries who made America” along with other inventors of the past two centuries. Inc. magazine ranked him #8 among the “most fascinating” entrepreneurs in the United States and called him “Edison’s rightful heir”.
Fundamental measures of information technology follow predictable and exponential trajectories, belying the conventional wisdom that “you can’t predict the future.” There are still many things — which project, company or technical standard will prevail in the marketplace, or when peace will come to the Middle East — that remain unpredictable, but the underlying price/performance and capacity of information is nonetheless remarkably predictable. Surprisingly, these trends are unperturbed by conditions such as war or peace and prosperity or recession.
- By the early 2020s, we will have the means to program our biology away from disease and aging. We already have the tools to reprogram our biology the way we reprogram our computers. “RNA interference, for example, can turn genes off that promote disease and aging.”
- By 2030 solar energy will have the capacity to meet all of our energy needs. The production of food and clean water will also be revolutionized. “The total number of watts of electricity produced by solar energy is growing exponentially, doubling every two years. It is now less than seven doublings from 100%.” Once we have inexpensive energy we will be able to convert all the bad water on the planet to usable water. Agriculture will go from horizontal to vertical, where we will grow high-quality food in AI controlled buildings.
- By the early 2020s we will print out a significant fraction of the products we use including clothing as well as replacement organs. The early 2020s will be the golden age of 3D printing. We’ll be able to choose from thousands of open source clothing designs and print them out at pennies per pound. “We can already experimentally print out organs by printing a biodegradable scaffolding and then populating it with a patient’s own stem cells, all with a 3D printer. By the early 2020s, this will reach clinical practice.”
- Within five years, search engines will be based on an understanding of natural language. “At Google, we are creating a system that will read every document on the web and every book for meaning and provide a rich search and question answering experience based on the true meaning of natural language.”
- By the early 2020s we will be routinely working and playing with each other in full immersion visual-auditory virtual environments. By the 2030s, we will add the tactile sense to full immersion virtual reality. The latter will require “nanobots [nanometer-size robots] traveling noninvasively into the brain through the capillaries and augmenting the signals coming from our real senses.”