Essentially the claim is that it gets exponentially cheaper at the same rate the logarithmic resource requirements go up. Which leads to point 3 - linear growth in intelligence is expected over the next few years and AGI is a certainty.
I feel that's not happening at all. This costs 15x more to run compared to 4o and is marginally better. Perhaps the failing of this prediction is on the cost side but regardless it's a failing of the prediction for linear growth in intelligence. Would another 15x resources lead to another marginal gain? Repeat? At that rate of gain we could turn all the resources in the world to this and not hit anywhere near AGI.