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John_Maxwell_IV comments on Why AI may not foom - Less Wrong
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I haven't read this paper in detail, but it seems to suggest that Moore's Law-style exponential growth may not be that far off for most technologies:
http://www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.0052669
(Which probably counts as a point for Foom proponents.)