Secondly it wasn't obvious that deep learning was going to work as well as it did if you simply threw enough compute at it. Now that this tech has reached critical mass there is a tonne more money being poured into infra to support it.
Lastly, compute power is increasing as always. Nvidia releasing H100 and also their recent work on computational lithography. Also DeepMind finding new state-of-the-art algorithms for doing matrix multiplication with AlphaTensor. You can kinda already see the positive feedback loop in action.
I dunno... at this point I just wouldn't bet against the trajectory that we're on.