Cory Doctorow tells us that the computation that goes into one google query is roughly the same as all the computing done for the entire Apollo program.
Jay Goldberg is astonished to discover pretty powerful no-name tablets now go for $45. One can see whole new world opening up with ubiquitous use and firm-deployment of tablets.
And most astonishing of all: the ipad (2012) matches the floating point performance of the Cray 2 supercomputer (1989). That's a gap of 23 short years. Also note the completely different slope seen on the right hand set of dots:
Source: Slideshow by Jack Dongarra and Piotr Luszczek, linked to by Michael Larabel.
This story has been going on for decades but it isn't finished yet. Just this year, my laptop got four cores, and I'm steadily shifting all my R programs to utilise parallel processing. For all X, it's interesting and useful to ask How would X change if computation, communications and storage got cheaper and better?. On this theme, you may like to read this post -- The new world of computers -- from earlier this year.
As an old timer, I always worry that we used to do Things That Mattered using the Cray 2 supercomputer, like forecast the weather or simulate nuclear explosions, whereas the bulk of the ipad's compute power is being deployed to watch cat videos on youtube. We have yet to re-imagine our world in terms of these new powers.