A conversation with John Markoff in Edge:
I'm in an interesting place in my career, and it's an interesting time in Silicon Valley. I grew up in Silicon Valley, but it's something I've been reporting about since 1977, which is this Moore's Law acceleration. Over the last five years, another layer has been added to the Moore's Law discussion, with Kurzweil and people like him arguing that we're on the brink of self-aware machines. Just recently, Gates and Musk and Hawking have all been saying that this is an existential threat to humankind. I simply don't see it. If you begin to pick it apart, their argument and the fundamental argument of Silicon Valley, it's all about this exponential acceleration that comes out of the semiconductor industry. I suddenly discovered it was over. Now, it may not be over forever, but it's clearly paused. All the things that have been driving everything that I do, the kinds of technology that have emerged out of here that have changed the world, have ridden on the fact that the cost of computing doesn't just fall, it falls at an accelerating rate. And guess what? In the last two years, the price of each transistor has stopped falling. That's a profound moment.
…Ubiquitous computing, or the Internet of things, is all supposed to disappear. The problem is, is it going to disappear into us? What could possibly go wrong? There is an argument that these machines are going to replace us, but I only think that's relevant to you or me in the sense that it doesn't matter if it doesn't happen in our lifetime. The Kurzweil crowd argues this is happening faster and faster, and things are just running amok. In fact, things are slowing down. In 2045, it's going to look more like it looks today than you think.
More here.