ASPEN, Colo.--One of the Internet's most influential investors and entrepreneurs is offering a dire prediction: the pace of technological change is stagnating.
Peter Thiel, a co-founder of PayPal and early investor in Facebook, warned that--despite spectacular advances in computer-related fields over the last few decades--technological progress overall is actually "stalled out."
"There's been insane progress in computers, Internet, and all things related to it," Thiel told a conference here organized by the Technology Policy Institute last night. "It's been offset by incredible failure in energy. To a first order, the two things have cancelled each other out."
To read the full, original article click on this link: Peter Thiel thinks tech innovation has 'stalled' | Privacy Inc. - CNET News
Author:Declan McCullagh
