That is not what happened with chess engines. We didn’t just throw better hardware at it, we found new algorithms, improved the accuracy and performance of our position evaluation functions, discovered more efficient data structures, etc.

People have been downplaying LLMs since the first buzzword garbage scientific paper made its way past peer review and into publication. And yet they keep getting better and better to the point where people are quite literally building projects with shockingly little human supervision.

By all means, keep betting against them.