Evolution took a billion years to evolve multi-cellular life, but the jump from apes to humans took far less than a million years.
And we can't reliably extrapolate growth in computing power more than a few years into the future. It's possible that the curve isn't really exponential, but rather an S-curve which will eventually flatten out.
I'm more comfortable predicting that computing power will continue to grow than to predict that it will peter out and everyone will simply sit back and be happy with what we've got.
I didn't say we're pushing up against the limits of processing power, I said that processing power is not growing exponentially, which is true, despite the gains that other advancements and innovation have provided.
We're moving faster than Moore's Law, see "Hyper Moore’s Law":
https://www.extremetech.com/computing/256558-nvidias-ceo-dec...