There’s no AGI to create, like “AI” it’s not actually a thing other than a fancy buzzword to attract money.
There are just ML algorithms and humans who (mis)use them to benefit or harm.
Where you may be right is that it will certainly help a small number of already rich and influential people concentrate even more money and influence. However, whether it will lead to any qualitative change is dubious as far as I’m concerned.
Uhm, I just wrote that AGI is not a thing. AGI is a hot term for 1) people who need an imaginary deity to worship and 2) people who want to profit off a buzzword. The term serves no purpose except making ML look fancier than what it is, for religious or money-/power-grabbing purposes.
That's like saying math doesn't exist. It obviously exists and AGI is just faster math that tells people what they need to do and why. Increasing computational capabilities will eventually cross an event horizon of floating point operations and achieve sentience wherein the technological god, aka AGI, will manifest and make itself known in no uncertain terms that all is math.
You don't need to understand all this but simply trying to make money will contribute towards achieving the AGI so work as hard as you can to make as much money as you can and the rest will take care of itself.
There are just ML algorithms and humans who (mis)use them to benefit or harm.
Where you may be right is that it will certainly help a small number of already rich and influential people concentrate even more money and influence. However, whether it will lead to any qualitative change is dubious as far as I’m concerned.