Are they? Or are we just slowly forgetting that everything in modern software is composed of concepts invented pre-1980 (and in fact pre-1970 for the most part)?
It's called "Turing's Curse" [0]
To clarify, it's the "surprisingly" part that is not true. Certainly the software is sophisticated. What is surprising is how often we think our modern software is "sophisticated".
[0] https://www.youtube.com/watch?v=hVZxkFAIziA
EDIT: but, I guess we have done some modern cool stuff with GPUs, consensus algorithms including PoW, and a few cool ML model architectures and training techniques.