My skepticism and intuition that AI innovations are not exponential, but sigmoid are not because I don't understand what gradient-descent, transformers, RAG, CoT, or multi-head attention are. My statement of faith is: the ROI economics are going to catch up with the exuberance way before AGI/ASI is achieved; sure, you're getting improving agents for now, but that's not going to justify the 12- or 13-digit USD investments. The music will stop, and improvements slow to a drip
Edit: I think at it's root, the argument is between folk who think AI will follow the same curve as past technological trends, and those who believe "It's different this time".