If you can’t characterize the technical problem that creates a limitation then you are just expressing an uninformed opinion.
Even if you were an expert!
Once we finally had the tools to even start trying, in the late 80s/early 90s, it took us a very long time to "calibrate" these general ideas and figure out the "devils in the details" that were necessary to make certain ideas viable (for example, neural networks were discarded as a dead end in the 80s, and only considerably later were we able to discover that multi-layer networks essentially "salvaged" the idea).
Machine learning without the era of "modern computers" was a bit like flight before we'd really mastered the internal combustion engine - we understood quite a bit about it, and had theories about a lot of stuff (like the basic shape of a wing), and could successfully build gliders and such. Contrary to a lot of propaganda, the Wright Brothers didn't just arrive in the world like "lightning from a clear sky", but ... it had to become practical to do for us to then move on to putting the ideas through the paces, and all of the established theory from beforehand ran into the usual treatment of "no plan of battle survives contact with the enemy".
However until the hardware and software support for mainstream massively parallel execution became available it was a niche tool.
So the level of adoption, experimentation, deployment and research resources available are multiple orders of magnitude greater than 20 or 30 years ago.
As a practitioner (for my entire career) the field still operates as a new field, with enormous areas for new experimentation and interesting new creative advances happening quickly.
So we are still at the beginning.