You are absolutely correct. There are multiple algorithmic advances required in addition to hardware advances.
Parrots have hundreds of millions to a few billion neurons, which are just as much parallel-local state-proceasing units as the ones in the mammalian brain. We haven't done a great job of simulating a ~300 neuron c. elegans worm. Not that simulation is required for equivalent intelligence. I'm just saying these analog machines are much much more complex and powerful than the average AI aficionado gives credit. So complex that we are nowhere near AGI.
Parrots have hundreds of millions to a few billion neurons, which are just as much parallel-local state-proceasing units as the ones in the mammalian brain. We haven't done a great job of simulating a ~300 neuron c. elegans worm. Not that simulation is required for equivalent intelligence. I'm just saying these analog machines are much much more complex and powerful than the average AI aficionado gives credit. So complex that we are nowhere near AGI.