What is Moore's Law?

Moore's Law states that the number of transistors on a chip doubles approximately every two years, which leads to a significant increase in computing power. While the correct choice indicates that the power of computers doubles every 18 months, this is a commonly cited interpretation of Moore's Law in the context of technological advancement. As transistors get smaller and more efficient, it allows for more complex and powerful processors to be created within the same physical space. This rapid increase in computing power has profound implications on technology, enabling advancements in various fields including artificial intelligence, big data, and more.

The doubling of processing capabilities translates into computers being able to perform more calculations per second, which is critical for development in software, applications, and systems that require significant computational resources.

In contrast, the other choices relate to different factors or trends in computing. The doubling of transistors doesn't strictly correlate with all the other statements in terms of computer power, cost, or size reductions explicitly tied to Moore's Law.