Yes. This is exactly why I'm skeptical of AI doomerism/saviorism.
Too many people have been looking at the pace of LLM development over the last two (2) years, modeled it as an exponential growth function, and come to the conclusion that AGI is inevitable in the next ${1-5} years and we're headed for ${(dys|u)topia}.
But all that assumes that we can extrapolate a pattern of long-term exponential growth from less than two years of data. It's simply not possible to project in that way, and we're already seeing that OpenAI has pivoted from improving on GPT-4's benchmarks to reducing cost, while competitors (including free ones) catch up.
All the evidence suggests we've been slowing the rate of growth in capabilities of SOTA LLMs for at least the past year, which means predictions based on exponential growth all need to be reevaluated.