Stanford University finds that AI is outpacing Moore's Law

Stanford University's AI Index 2019 annual report has found that the speed of artificial intelligence (AI) is outpacing Moore's Law. Moore's Law maps out how processor speeds double every 18 months to two years, which means application developers can expect a doubling in application performance for the same hardware cost. But the Stanford report, produced in partnership with McKinsey & Company, Google, PwC, OpenAI, Genpact and AI21Labs, found that AI computational power is accelerating faster than traditional processor development. "Prior to 2012, AI results closely tracked Moore's Law, with compute doubling every two years.," "Post-2012, compute has been doubling every 3.4 months."