You can’t extrapolate the future trajectory of progress from the past. It comes in pushes and phases. We had long phases of AI stagnation in the past, we might see them again. The past five years or so might turn out to be a phase transition from pre-LLM to post-LLM, rather than the beginning of endless dramatic improvements.
It would be different too if we didn't know the secret sauce here is massive amounts of data and the jump process was directly related to a jump in the amount of data.
Some of the logic here is akin to how I have lost 30lbs in 2024 so at this pace I will weigh -120lbs by 2034!