Exponential Technology

Exponential technology refers to innovations that progress at an accelerating rate, with improvements building rapidly upon previous advancements. Unlike linear growth, where progress happens steadily, exponential growth starts slowly but quickly accelerates, leading to dramatic changes over a short period. Examples include artificial intelligence, renewable energy, and biotechnology, which are advancing swiftly thanks to increased computing power, data availability, and research collaboration. This rapid development can significantly impact industries, economies, and daily life, often outpacing traditional expectations of technological progress and creating both opportunities and challenges.