ATM: Automatic Technology Machine

I realized it was ATM while writing the title..neat.
I think this is a more proper place to post this than science & technology or something of that sort.

Any way this has been on my mind for a while, I am talking about a machine slash computer that would better technology on its own.
so it goes like this, lets set the mood in a dark government cellar or whatever, a machine is using statistics, predictions and probability to continuously create new technology. example: it would take ipod specs, see what can be improved (battery life, quality of sound etc.) and how. if, based on market it would be successful, and if not it would return to the drawing board. all this in several seconds. it would better itself based on the knowledge it gained, it would send out info to car manufacturers how to create better cars (more fuel efficient) and such, just based on the knowledge it has about our world. it may will create new ideas