This post oversimplifies the story by putting all the emphasis on compute power. Deep Blue using brute force to solve chess obviously fits this pattern, but the others? Let's take computer vision. Alex Krizhevsky et al destroyed the ImageNet competition with a neural network in 2012, kicking off the current AI hype cycle. Essentially everything in their model had been known about since the late 80s. But we also didn'…
Many of these things have required the giant leaks in compute, but still wouldn't work at all without the concurrent improvements in algorithms.
Along these lines, here's a classic blog post: https://www.johndcook.com/blog/2015/12/08/algorithms-vs-moor...
"Grötschel, an expert in optimization, observes that a benchmark production planning model solved using linear programming would have taken 82 years to solve in 1988, using the computers and the linear programming algorithms of the day. Fifteen years later — in 2003 — this same model could be solved in roughly 1 minute, an improvement by a factor of roughly 43 million. Of this, a factor of roughly 1,000 was due to increased processor speed, whereas a factor of roughly 43,000 was due to improvements in algorithms! Grötschel also cites an algorithmic improvement of roughly 30,000 for mixed integer programming between 1991 and 2008."