I think your assessment is spot on. But I also think there's a bigger picture that's getting lost in the sauce, not just in your comment but in the general discourse around AI progress:
- We're currently unlocking capabilities to solve many tasks which could previously only be solved by the top-1% of the experts in the field.
- Almost all of that progress is coming from large scale deep learning. Turns out transformers with autoregression + RL are mighty generalists (tho yet far from AGI).
Once it becomes cheap enough so the average joe can tinker with models of this scale, every engineering field can apply it to their niche interest. And ultimately nobody cares if you're playing by the same rules as humans outside of these competitions, they only care that you make them wealthy, healthy and comfy.