The pentium II was 233 MHz, not 33, but sure. The problem is, if that metaphor holds, we're so vastly far away from "the future" that it's impossible to predict what it looks like. Just for example, NVIDIA's chips kinda suck for inference. Vastly overprovisioned.
It's like the folks who were saying "the internet is growing rapidly, Cisco powers the internet, therefore Cisco will grow as rapidly as the internet" in the late 90s. Oops.
It's like the folks who were saying "the internet is growing rapidly, Cisco powers the internet, therefore Cisco will grow as rapidly as the internet" in the late 90s. Oops.