I don't see a reason to think we're not going to hit a plateua sooner or later (and probably sooner). You can't scale your way out of hallucinations, and you can't keep raising tens of billions to train these things without investors wanting a return. Once you use up the entire internets worth of stack overflow responses and public github repositories you run into the fact that these things aren't good at doing things outside their training dataset.

Long story short, predicting perpetual growth is also a trap.