Yes, absolutely! I actually think the most appropriate benchmark is memory bandwidth, which hasn't been improving as fast as FLOPS or storage capacity. It's not a matter of running a strong AI at 1/100 speed on today's fastest supercomputer. It would be more like 1 billionth or trillionth speed.
The reason for our disappointingly slow progress in AI over the years is that our hardware is still nowhere near powerful enough to usefully implement the same algorithms as the brain, and we likely won't even develop the right algorithms until we have hardware closer to the requirements, so we can test and iterate.