That's absolutely true, but also keep in mind the limitations of both the examples you give.
Protein folding works pretty ok for short proteins on the order of ~200 amino acids. It gets considerably less good as the proteins get bigger. This is unsurprising, bigger proteins represent an exponentially bigger search space and there are fewer and fewer known protein structures as the size of protein increases, so your library of exemplars is smaller (hurting ML approaches). Lets not even speak of protein complexes or dynamic protein interactions. Even at the end of the prediction, you still have to prove your result by getting an actual crystal which is not always easy.
Cell biology simulation is a whole other ball game, and I don't know that area nearly as well. But from the little I understand, we have some very basic mathematical models of a cell that work in a limited way at a very high level. To get those things to work a number of extremely simplifying (but useful in some contexts) assumptions are made, which limits the broader applications of those simulations. Simulating a whole cell very quickly gets into the realm of definitely not computationally tractable given the enormous number of entities in the cell. It's a fiendishly hard problem, I hope we get there someday, but I think it'll be a long while.