Posted by: Tobias | October 8, 2008

Still on track for the singularity

… at least in biotech, as FuturePundit reports:

The cost of determining a person’s complete genetic blueprint is about to plummet again — to $5,000.

That is the price that a start-up company called Complete Genomics says it will start charging next year for determining the sequence of the genetic code that makes up the DNA in one set of human chromosomes. The company is set to announce its plans on Monday.

To get a feeling about just how insanely cheap that is, know that the cost of sequencing an entire human genome once (if you want an accurate genome, you usually have to sequence it several times) was on the order of $900,000 just two years ago. Ray Kurzweil has gotta be feeling pretty good about his forecast, put forward in his book “The Singularity is Near: When Humans Transcend Biology“, right about now. If I read this correctly, he actually underestimated the speed of innovation.

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