Gordon Moore, co-founder of Intel Corp., in 1965 published a paper that predicted the computing power of microchips would double about every two years. Moore was so accurate that his prediction became known as “Moore’s Law.”

But now, technology is reaching a point where doubling computing power becomes increasingly difficult without major innovations that will shape the semiconductor industry for years to come, according to Inc. magazine.

“With Moore's Law ending, the real challenge is to come up with some fundamentally new ideas for computing,” according to Inc. “Today, there are two new architectures emerging that will be commercialized within the next five years.”

The first system will consist of quantum computers, which use the mechanics of atomic subparticles to perform operations on data at speeds that are much faster than silicon chips. International Business Machines Corp., Alphabet Inc.’s Google, Microsoft Corp., Rigetti Computing and D-Wave Systems Inc. are among the companies developing commercialized quantum computers, Bloomberg News reported.

The second kind of new technology is neuromorphic computing, which relies on chips based on the anatomy of the human brain.

Each technology requires more investment and development before becoming widely commercialized.

“We're now entering a new era of innovation and the organizations who will most effectively compete will not be the ones with a capacity to disrupt, but those that are willing to tackle grand challenges and probe new horizons,” according to Inc.