“In 1975, Gordon updated his prediction, by now recognized as “Moore’s Law,” anticipating that the doubling would happen every two years for the coming decade.”
Moore and Robert Noyce put in $250,000 each and raised another $2.5 million to start Intel in 1968. Basic research and STEM education took 10 percent of the federal budget that year. By 2015 it was 4 percent. Moore’s Law ran on public money, and the public stopped paying for the next one.