It's actually quite interesting to extrapolate our current exponential trends before ICs as a thought experiment. Kurzweil semi famously uses it to push his arguments: https://www.kurzweilai.net/ask-ray-the-future-of-moores-law

I do know what Moore's Law literally says. I thought it was fairly obvious I was generalizing, but yes the text as written is incorrect.

If you're not into the thought experiment, that's totally fine.