Comment by musebox35

Thanks for posting a through and accurate summary of the historical picture. I think it is important to know the past trajectory to extrapolate to the future correctly.

For a bit more context: Before 2012 most approaches were based on hand crafted features + SVMs that achieved state of the art performance on academic competitions such as Pascal VOC and neural nets were not competitive on the surface. Around 2010 Fei Fei Li of Stanford University collected a comparatively large dataset and launched the ImageNet competition. AlexNet cut the error rate by half in 2012 leading to major labs to switch to deeper neural nets. The success seems to be a combination of large enough dataset + GPUs to make training time reasonable. The architecture is a scaled version of ConvNets of Yan Lecun tying to the bitter lesson that scaling is more important than complexity.