Look at how well Deepseek performed with the limited, outdated hardware available to its researchers. And look at what demoscene practitioners have accomplished on much older hardware. Even if physical breakthroughs ceased or slowed down considerably, there is still a ton left on the table in terms of software optimization and theory advancement.
And remember just how young computer science is as a field, compared to other human practices that have been around for hundreds of thousands of years. We have so much to figure out, and as knowledge begets more knowledge, we will continue to figure out more things at an increasing pace, even if it requires increasingly large amounts of energy and human capital to make a discovery.
I am confident that if it is at all possible to reach human-level intelligence at least in specific categories of tasks, we're gonna figure it out. The only real question is whether access to energy and resources becomes a bigger problem in the future, given humanity's currently extraordinarily unsustainable path and the risk of nuclear conflict or sustained supply chain disruption.