AGI just means an arbitrary revenue number according to OpenAI and MSFT. It's not a real thing. It's made up.
If you're rich, or even a government, surely you can see why this is worth a LOT. And if you're poor ... well ... I'm sure they'll toss you a few scraps.
The real scary thing is that, fundamentally, democracy, human rights ... make sense because of labor relations. This has at least the potential to end labor relations.