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In the 1980s, Mead and Conway1 democratized chip design and high-level language programming surpassed assembly language programming, which made instruction set advances viable. Innovations like RISC, superscalar, multilevel caches, and speculation plus compiler advances (especially in register allocation) ushered in a Golden Age of computer architecture, when performance increased annually by 60%. In the later 1990s and 2000s, architectural innovation decreased, so performance came primarily from higher clock rates and larger caches. The ending of Dennard Scaling and Moore’s Law also slowed this path; single core performance improved only 3% last year! In addition to poor performance gains of modern microprocessors, Spectre recently demonstrated timing attacks that leak information at high rates. We're on the cusp of another Golden Age that will significantly improve cost, performance, energy, and security. These architecture challenges are even harder given that we've lost the exponentially increasing resources provided by Dennard scaling and Moore’s law. We've identified areas that are critical to this new age.
A Fri, study studied this question.