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According to technology expert Gilder, at the current pace of development, the equivalent computing power of 16 Cray supercomputers which now cost roughly $320 million should be available on one silicon chip the size of a fingernail by the early part of the next decade for a few hundred dollars at most.

Fiber-optic and various wireless communications technologies are widely expected to proceed at an even more blistering pace in the next several decades, permitting the creation of information pipelines with virtually limitless carrying capacity.

I don't think any of us can predict what type of impact these changes will have on our lives in the next ten or twenty years. But they will have to mean far more to my children's lives than putting a few more educational programs on their computer monitors or 500 channels on their cable television.

What does seem safe to assume is this: these new technologies will continue to accelerate the already dizzying pace of change in the global economy and our societies. Who can doubt that the new information technologies played a key role in toppling communist dictatorships in Eastern Europe and the Soviet Union, by providing dissidents with contact with the outside world and new forms of communication--like fax messages--among themselves?


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