Assume that HLMI will exist at some point. Some people have argued the following:

If AI systems do nearly all research and development, improvements in AI will accelerate the pace of technological progress, including further progress in AI.

Over a short period (less than 5 years), this feedback loop could cause technological progress to become more than an order of magnitude faster.

How likely do you find this argument to be broadly correct?

HLMI = high level machine intelligence