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Well that is just in the short term. As soon as the hype dies away, attention on AGI may begin anew. Capitalism only blocks development in the way you are describing in order to reap short-term profits and facilitate wealth redistribution. In a way, the short-term evolutionary pressure is to maximize the benefit from the current iteration of technology, and then there WILL be space for AGI development.

It's all rather disgusting, and whether it happens now or later it will be a disaster as well.

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I guess a lot will depend on just how far down the R&D road the next real yield point is. I have a suspicion that we actually know way less about the brain than we think we do. Gen AI may turn out to be a one hit wonder.

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