I always interpret the end of Moore's Law to mean that was once a curve of exponential growth, has shown where the inflection point is, and now we're on the other side of the S curve. Yes there's still gains to be had, but they're harder and harder in ways that aren't ameliorated by just increases in funding. There needs to be changes in how we compute, and a rejection of the idea that specialization is beat out by the economies of scale of generic solutions.
If you want something faster and more energy-efficient for any particular task, you do want an ASIC. You can try to tell physics that you'd prefer something else but physics is not a good listener.
