- We already are at Level 1+ with GPT 4, but they are basically assistants and not truly AGI.
- Level 2 "Competent level" is basically AGI (capable of actually replacing many humans in real world tasks). These systems are more generalized, capable of understanding and solving problems in various domains, similar to an average human's ability. The jump from Level 1 to Level 2 is significant as it involves a transition from basic and limited capabilities to a more comprehensive and human-like proficiency.
However, the exact definition is tautological - capabilities better than 50% of skilled adults.
So IMO the paper basically states in a lot of words that we not at AGI and is restating the common understanding of AGI to be "Level 2 Competent", but doesn't otherwise really add to understanding of AGI.