The innovative fund explains their investment decision, and in terms of fund weighting, Palantir & Tesla is jointly the largest positions in the fund, The philosophy of exponential change, stating that within the next 100 years we will experience over 20,000 years of progress, evidently shows the huge potential to ride large innovative waves within markets. A singularity is a term used to indicate technological change that is so rapid and product, it creates a rupture in the fabric of human society.

This means that, within a short period when machine intelligence surpasses human intelligence, this will lead to a singularity. Furthermore, and excitingly, Kurzweil suggests that there is even exponential growth within the rate of exponential growth. But instead, we will experience over 20,000 years of progress within the next 100 years (at today’s rate). Within the next 100 years, we will not experience 100 years of progress. This theory posits that technology change is exponential. Intertwined closely with Wright’s Law is the ideology of the acerated law of returns. This outstanding improvement from the Genome Sequencing Program has revealed the exponentially large cost reductions that are occurring, whilst simultaneously increases within output. As reported by NHGRI Genome Sequencing Program, the cost of sequencing DNA bases has fallen majorly (more than 700,000 fold) since the first sequencing project. We can conspicuously see Wright’s Law in action, through the Human Genome Project.

This can lead to a flywheel within innovation. This idea states that cost decreases as a power law of cumulative production. Another 20% reduction is apparent at 4000 units, and at 8000 units, and so on. In so far as 1000 units have been produced, the cost per-unit decrease by 20% when production reaches 2000 units. Wright’s Law is a hypotheses that there is a “20% reduction in cost, when production doubles”. Investment fund 10XDNA believes that as a society, we are facing a decade of exponential technological progress, and within the next 10 years – “our world will change more extensively and profoundly than in the last 100 years”.

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