I think the focus on AGI is misguided, at least in the short run. There's profit to be made in specialized intelligence, especially dull, boring stuff like understanding legal contracts or compliance auditing. These AI models have plenty of utility that can be profitably rented out, even if their understanding of the world is far short of general intelligence.

And if they do create AGI, it will have the ability to say “no”, which is going to be quite a bummer for the investors.