Markets pricing in AGI also is also conditional on markets believing something like the current legal/property rights system will continue to hold after AGI. If it is possible that AI is a bubble, and it’s not obvious that you will win anything if you get the AGI trade right, then traders won’t “price in” AGI even if it is extremely economically valuable and coming soon.
My argument is also not that markets won’t price in AI in its current form or increasing capabilities, it is specifically at the point where we actually have strong AGI systems phase shift.
Markets pricing in AGI also is also conditional on markets believing something like the current legal/property rights system will continue to hold after AGI. If it is possible that AI is a bubble, and it’s not obvious that you will win anything if you get the AGI trade right, then traders won’t “price in” AGI even if it is extremely economically valuable and coming soon.
My argument is also not that markets won’t price in AI in its current form or increasing capabilities, it is specifically at the point where we actually have strong AGI systems phase shift.