I don't think AGI is right around the corner

I _hope_ AGI is not right around the corner, for social political reasons we are absolutely not ready for it and it might push the future of humanity into a dystopia abyss.

but also just taking what we have now with some major power usage reduction and minor improvements here and there already seems like something which can be very usable/useful in a lot of areas (and to some degree we aren't even really ready for that either, but I guess thats normal with major technological change)

it's just that for those companies creating foundational models it's quite unclear how they can recoup their already spend cost without either major break through or forcefully (or deceptively) pushing it into a lot more places then it fits into

Must "AGI" match human intelligence exactly or would outperforming in some functions and underpformin in others qualify?

For me, "AGI" would come in with being able to reliably perform simple open-ended tasks successfully without needing any specialized aid or tooling. Not necessarily very well, just being capable of it in the first place.

For a specific example of what I mean, there's Vending-Bench - even very 'dumb' humans could reliably succeed on that test indefinitely, at least until they got terminally bored of it. Current LLMs, by contrast, are just fundamentally incapable of that, despite seeming very 'smart' if all you pay attention to is their eloquence.