Technological growth compounds over time, too. Just look at the progress of just about any large scale research project such as sequencing the human genome or

Technological growth compounds over time, too. Just look at the progress of just about any large scale research project such as sequencing the human genome or making an AI capable of beating a chess grandmaster. The progress starts out unbearably slow, and then most of the gains happen in the last 20% of the time spent researching. One reason for this is that as our technology increases, so does the power of the tools we use for creating more technology. Not only are computers getting better performance/price at an exponential rate, but those gains are fueling research into materials sciences, bioinformatics, and other emerging fields.