Do the Returns to Software R&D Point Towards a Singularity?

The article discusses whether the returns to software R&D are accelerating towards a singularity, where AI-driven improvements in software could lead to exponentially increasing technological progress. The authors explore models of idea production and present empirical estimates, particularly focusing on domains like computer chess, to understand the dynamics of AI-driven R&D and its potential to result in hyperbolic growth if the returns to research effort exceed unity.

Visit Original Article →