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March 31st, 2005
The decline of Western technology?
Peter Cochrane: I feel that the Valley should not look backwards to the days of electronics and software for its future. It should look forward to nanotechnology, biotech and smart materials. And in this regard there is a new breed of engineer and scientist arriving, more holistic in their views.
... look at the time that it took the laser, optical fibre and the microprocessor to take a grip on the world and then think in terms of the exponential speed of technology. How long will it be before nanotech, bio and smart materials do the same? My guess: we are in for a minimum of a 10-year run. But who wants to invest in anything that takes 10 years?
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