Has Technological Progress Slowed?

The seemingly high rate of technological growth is illusory: the world is slowing down and will continue to do so long into the future. HSE scholars predict that the “technological singularity” will occur in 2106 and that, contrary to what some expect, it will not mark the apotheosis of progress.

Why is technology moving so slow?

Slow pace of innovation is caused by, but not limited to, lack of monetary funding, conflict of interests between the innovators and other factions such as the consumers, and technological momentum of competing technologies which make the use of new innovations difficult.

Has technology reached its peak?

New calculations by HSE University researchers show that technological growth passed its peak in the early 21st century and will soon obtain new acceleration, although it will be followed by a new slowdown in the second half of the century.