Re:Why Is Peter Thiel Pessimistic About Technological Innova...
by enraged_camel on Thursday September 18, 2014 @07:17PM
(#8338199)
The technologies you mention are optimization technologies, not innovation technologies.
There's a difference between inventing the internal combustion engine, and making that engine consume 10% less fuel. Even if the latter ends up being a more challenging feat, at the end of the day it is making an improvement to something that already exists. It's a "1+n" technology, as opposed to a "0 to 1" technology.
There's a difference between inventing the internal combustion engine, and making that engine consume 10% less fuel. Even if the latter ends up being a more challenging feat, at the end of the day it is making an improvement to something that already exists. It's a "1+n" technology, as opposed to a "0 to 1" technology.