What law suggests that the capability of technology will double approximately every two years?

Moore's Law is the principle that the number of transistors on a microchip will double approximately every two years, leading to an increase in computing power and a decrease in relative cost. This prediction, articulated by Gordon Moore in 1965, highlights the rapid acceleration of technological advancement in the semiconductor industry. As technology continues to improve, it allows for more powerful and efficient devices that can handle more complex tasks within the same physical dimensions. This exponential growth has significant implications for the development of computer applications, software, and overall information technology, enabling a faster pace of innovation and the introduction of new tools and capabilities.

In contrast, Metcalfe's Law pertains to the value of a network increasing proportionally to the square of the number of connected users, rather than the doubling of technology capabilities. Parkinson's Law refers to the idea that "work expands to fill the time available for its completion," which does not relate to technological growth. Simon's Law discusses the limitations of solution techniques in complex systems, which is also not directly related to the capabilities of technology over time.