a similar point is made here -
http://www.transhumanist.com/volume1/moravec.htm

scroll down to the third diagram, which has the caption:

  The big freeze. From 1960 to 1990 the cost of computers used in AI
  research declined, as their numbers dilution absorbed computer-
  efficiency gains during the period, and the power available to
  individual AI programs remained almost unchanged at 1 MIPS, barely
  insect power. AI computer cost bottomed in 1990, and since then power
  has doubled yearly, to several hundred MIPS by 1998.

andrew

[...]
> But Moore's Law is about price-performance, not absolute performance;
> here I estimate that the actual loss of price-performance attributable
> to bad CPU architectures is perhaps a factor of 10 to 50, and it is
> plausible that better compilers can remedy this.
[...]


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