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Consumer hardware is no longer a priority for manufacturers
(www.xda-developers.com)
This is a most excellent place for technology news and articles.
Tell me about it. I also paid about the same for a 1070 back in 2016 and it lasted me all the way until 2022, when I finally decided to be a sucker and pony up the $1600 for a brand new 4090 at launch. Which as insane as that is, I'm glad I did because now 4090s go for about $3K used!
If you didn't buy a new GPU by mid 2023, you're pretty much stuck with what you have for the foreseeable future, given how insane prices are now with no signs of slowing down.