The document discusses Moore's Law and increasing trends in technology. Specifically: 1) Moore's Law states that the number of transistors on a microchip doubles approximately every 18 months, leading to smaller, denser, and more powerful microprocessors. 2) Future computer chips will contain many processor cores on a single chip, requiring software to exploit parallelism at all levels. Intel has demonstrated an 80-core research chip. 3) As transistor densities continue increasing exponentially, power and complexity challenges will need to be addressed for continued advancement of computing technology.