Davidson’s takeoff model illustrates this point, where a “software singularity” happens for some parameter settings due to software not being restrained to the same degree by capital inputs.
I would point out however that our current understanding of how software progress happens is somewhat poor. Experimentation is definitely a big component of software progress, and it is often understated in LW.
Algorithmic improvement has more FOOM potential. Hardware always has a lag.
That is to very basic approximation correct.
Davidson’s takeoff model illustrates this point, where a “software singularity” happens for some parameter settings due to software not being restrained to the same degree by capital inputs.
I would point out however that our current understanding of how software progress happens is somewhat poor. Experimentation is definitely a big component of software progress, and it is often understated in LW.
More research on this soon!