Meanwhile, there's a perception that machine learning is hardware-bound for speed increases, which just isn't true.

I work on a pretty heavy ML system, which a year ago took about a month to 'fully' train. Today we're down to 25 hours training time using the same hardware, based mostly on improvements to the model. The improvements are coming from a combination of signal processing tricks and tricksy model changes. Inference is similarly much faster, too...