I see it somewhat differently. It is not that technology has reached a level where we are close to AGI, we just need to throw in a few more coins to close the final gap.
It is probably the other way around. We can see and feel that human intelligence is being eroded by the widespread use of LLMs for tasks that used to be solved by brain work. Thus, General Human Intelligence is declining and is approaching the level of current Artificial Intelligence. If this process can be accelerated by a bit of funding, the point where Big Tech can overtake public opinion making will be reached earlier, which in turn will make many companies and individuals richer faster, also the return on investment will be closer.