The Cloud Revolution

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There are two prevailing views on the future of technology: one suggests we've reached a "new normal" with limited advancements, while the other focuses on job destruction and the decline of traditional businesses. Mark P. Mills argues that both perspectives are misguided. He believes the 2020s will mark a significant turning point in human progress, characterized by technology-driven prosperity. This transformation won't stem from a single groundbreaking invention but from the convergence of advancements in three key areas: the "Cloud," which serves as a revolutionary infrastructure powered by next-generation microprocessors and accessible artificial intelligence; innovative machines for production and logistics; and the development of novel materials that redefine manufacturing. This pattern of convergence mirrors the technological revolution of the 1920s, which also spurred a long-term economic expansion through new information infrastructures, machinery, and materials. While the previous boom may have exhausted its potential, Mills asserts that a new era of innovation is beginning. The U.S. stands at the forefront of these changes, poised to disrupt industries such as manufacturing, transportation, healthcare, education, energy, and entertainment.