1. Deep learning doesn't require thorough understanding of priors or statistical techniques. This opens the door to more programmers in the same way high level languages empower far more people than pure assembly. The tradeoffs are analogous - high human efficiency, loss of compute efficiency.
2. Near-CPU deep learning accelerators are making certain classes of models far easier to run efficiently. For example, an M1 chip can run matrix multiplies (DL primitive composed of floating point operations) 1000x faster than individual instructions (2TFlops vs 2GHz). This really changes the game, since we're now able to compare 1000 floating point multiplications with a single if statement.