It's not "about as" capable. It might be capable enough, depending on use case however.
So trade-offs are there, but do those matter to all people the same way ( are they not equal in the same way to everyone )?
Because there are a large number of use cases (and large sub-portions of others) where genius-level AI isn't required.
Which means once that threshold is surpassed in people's relevant fields, available margin on that is going to collapse to commodity levels.
It's difficult to see how either pure-play AI company maintains its valuation once that happens. Their TAM is based on capturing a big chunk of all work, not just that which requires the highest intelligence.