We aren’t going to see exponential growth in computer technology. It’s true that we’re currently in the exponential phase, but the likelihood is that we’ll eventually transition into a sigmoid curve. Look at what has happened with processors–the processor wars where faster CPUs appeared every month is over. Nowadays the computer ads barely bother to mention the processor speed. This means a lot less churn, because now the desktop you bought 5 years ago is pretty much just as good as one you can buy today. It used to be that more RAM was a big deal, but nowadays due to architecture limitations you can’t use more than 4 GB, so that’s topped out. Hard drives are getting smaller with more capacity, so that’s still improving tremendously. But how many GBs of memory do you need? If you’re storing tons and tons of video you can eat through TBs, but most people aren’t doing video editing.
But all this doesn’t mean the age of computer improvement is over. It means that now people can concentrate on how to make all this stuff work better. We’ve finally reached the Model-T Ford era of computing, where all the parts of the package are in place, and now we just have to make them work better. There’s still a lot of work making computing cheaper, simpler, more bulletproof, smaller, and easier to use.
In a couple of years a typical computer will be a phone that has a small display and simple input, but can easily communicate with any nearby display or input device. You’ll carry your phone around in your pocket, and sit down at a workstation that is just a monitor and keyboard and mouse, and your phone will communicate with them. But note that what you do on your phone won’t be that different–you’ll websurf, read, and send/receive text, voice, or video communications. It’ll be the same experience, just less annoying, like switching from a Model-T that blows a tire every few hundred miles and has a top speed of 45 mph, to a modern Honda Accord. Sure, some people will have the equivalent of sportscars, but the real benefit of the Honda Accord over the Model T isn’t that it goes faster or holds more cargo, it’s that it’s an order of magnitude more reliable, an order of magnitude safer, and an order of magnitude more comfortable. But it still exists just to haul your body from point A to point
B.
As for machine intelligence, well, there aren’t any prospects for strong AI any time soon, and we have no reason to hope we’ll make any progress. If we do get a strong AI, it will come as a shock. So we could get something tomorrow, but we have no reason to suspect anything tomorrow. But the improvements in weak AI are not to be sneered at. Just Google itself is a huge achievement.