He mentions the rate of innovation would slow down which I agree with. But I think that even 5% slower innovation rate would delay the optimizations we can do or even figure out what we need to optimize through centuries of computer usage and in the end we'd be less efficient because we'd be slower at finding efficiencies. Low adoption rate of new efficiencies is worse than high adoption rate of old efficiencies is I guess how to phrase it.
If Cadence for example releases every feature 5 years later because they spend more time optimizing them, it's software after all, how much will that delay semiconductor innovations?