I’m not sure I’d say it’s plateaued today but I definitely think machine learning is going to hit a wall soon. Some tech keeps improving until physical limits stop progress but I see generative AI as being more like self-driving cars where the “easy” parts end up solved but the last 10% is insanely hard.
There’s also the economic reality of scaling. Maybe the “hard” problems could, in theory, be easily solved with enough compute power. We’ll eventually solve those problems but it’s going to be on Nvidia’s timeline, not OpenAI’s.