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Moore's Law

Gordon Earle Moore (born January 3, 1929) is an American businessman, engineer, and the co-founder and chairman emeritus of Intel Corporation.
In 1965 Gordon Moore posited a doubling every year in the number of components per integrated circuit, and projected this rate of growth would continue for at least another decade.
Moore's Law is exponential
Ray Kurzweil extended it by looking back historically
and predicted it will continue, going forward
Kurzweil's predictions were made decades ago so by now he has an excellent track record.
extending Moorle's Law in time and scope
Kurzweil also extended Moore's Law in scope: it's not just about computers but abut every technology that becomes "information enabled".

Some Charts of Technological Change

a straight line on a chart with logarithmic scale means exponential growth
a straight line on a chart with logarithmic scale means exponential growth