The exponential progression of computing power has continued for 80 years, going from .0007 calculations per second per dollar to 50 billion calculations per second per dollar. Large language models have only become feasible in the last three years, indicating that earlier beliefs in the effectiveness of neural nets were based on inclination rather than evidence. The speaker, with 60 years of experience in AI, emphasizes the initial uncertainty regarding the capabilities of neural nets, which are now seen as the path to artificial general intelligence.

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