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The claim wasn't "CPUs in 2017 are not faster than CPUs in 2003" or even "CPUs in 2017 are not much faster than CPUs in 2003"; the claim was that they haven't followed Moore's law since 2003, so applying it to CPU speed nowadays is inaccurate. Of course CPUs are faster now than they were 14 years ago, just not as fast as the case where Moore's law still applied to CPU speed.


Moore’s Law doesn’t describe CPU clock speed increases.


Dennard scaling however did deal with clock speed (indirectly via power). It has failed since about 2005.




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