Here's where I'm missing understanding: for decades the idea of neural networks had existed with minimal attention. Then in 2017 Attention Is All You Need gets released and since then there is an exponential explosion in deep learning. I understand that deep learning is accelerated by GPUs but the concept of a transformer could have been used on much slower hardware much earlier.
As others pointed out, the explosion of interest started with the deep convolutional networks that were applied in image problems. What I always thought was interesting was that prior to that, NNs were largely dismissed as interesting. When I took a course on them around the year 2000 that was the attitude most people took. It seems like what it took to spark renewed interest was ImageNet and seeing what you get when…
Cut to 2008-9,and I started to see smartphones, grid (then cloud) computing and social networks emerging. My MBA dissertation, finished in 2011, was about how that would change the world, because the requirements for meaningful AI were coming along - data and compute. The theory was already there, Hinton, LeCun, Schmidhuber,etc.
That got me back into the Data Science field, after years working in Data Engineering. Too bad I lived in Brazil back then and couldn't find a way to join the emerging scene in California and other top places. I'd be rich now...