The government is supposed to be the entity which invests in the “uninvestable”. Think, running a police department is not a profitable venture (in western societies). There’s no concept of profitability in the public sector, for good reason. And we all benefit greatly from it.
AGI sounds like a public good. This would be putting money where your mouth is, truly.
Unfortunately, many private actors want to control this technology for their own selfish ambitions. Or, the government is too dysfunctional to do its job. Or… people don’t believe in the government doing these kinds of things anymore, which is a shame. And we are must worse off