Which is only Stage 1. Stage 2 is where you have a Cambrian explosion of models all competing for compute, and not long after that for robotic extension into Real World.

Stage 3 gets hard to imagine from here. Maybe there will be permanent hyperevolution. Maybe One Model to Rule Them All will appear.

Either way, I don't see how Economics as We Know It can continue to exist. That includes all of capitalism and almost certainly all of politics.

Successful AGI with robotic support means a post-scarcity economy where AGI's understanding of physics sets the limits, not politics or economics.

But the post-scarcity element won't be evenly distributed. And it's not remotely impossible that humans won't be invited to the party.

We can't even be sure that AGI won't have a less limited understanding of physics than we do.

There's going to be enjoyable irony in watching Altman et all getting their lunches eaten by the thing they've created.

But - realistically - it probably won't last long.