See

https://en.wikipedia.org/wiki/Fermi_paradox

while the chance should be very likely, the evidence we have so far doesn't support this. The question is why. We as a species are currently in the process of answering said question, i.e. rapid decline of our only known biosphere supporting higher forms of life, caused by your cited (rapid) advancement in technology without the ability of dealing with the pitfalls of said technologies.

What you are referring to is known as the Drake equation.

What we are currently experiencing is known as the Great Filter.