I think you're right that the inelegant part is how AI seems to just consist of endless loops of multiplication. I say this as a graphics programmer who realized years ago that all those beautiful images were just lots of MxNs, and AI takes this to a whole new level. When I was in college they told us most of computing resources were used doing Linear Programming. I wonder when that crossed over to graphics or AI (or some networking operation like SSL)?

What could it possibly be other than small “mundane” units combined together in a variety ways and in immense quantities?

All things are this way.