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That's a non sequitur. While the frontier LLMs are quite useful for many tasks there's no reliable evidence that scaling them up will ever produce a true AGI. More likely some other fundamental research breakthroughs will be needed, and those breakthroughs won't necessarily come from the current leading companies. I doubt that more money would be necessary or even helpful in that.
There is no reliable evidence they won’t.

Look at rate of progress, not today’s capabilities alone.

The gap is shrinking, many tasks are already performed at super human level.

Humanity doesn’t have monopoly on intelligence - it seems obvious to me it’ll be reached and surpassed without hard upper limit.

OK well then let's check back here in a few years to see if any of them managed to build an AGI. Until then it's just idle speculation. Anything could happen ... or not.
And I’ll bet someone made a comment exactly like yours here, a couple of years ago… and guess what definitely didn’t happen?
First, both of you must agree on one definition of AGI.

I'd be willing to wager that you can't.

https://xkcd.com/605/
I think we have more than 1 data point for AI progress.