I don't get it, I really don't.

Even assuming a company gets to AGI first this doesn't mean another one will follow.

Suppose that FooAI gets to it first: - competitors may get there too in a different or more efficient way - Some FooAI staff can leave and found their own company - Some FooAI staff can join a competitor - FooAI "secret sauce" can be figured out, or simply stolen, by a competitor

At the end of the day, it really doesn't matter, the equation AI === commodity just does not change.

There is no way to make money by going into this never ending frontier model war, price of training keeps getting higher and higher, but your competitors few months later can achieve your own results for a fraction of your $.

Some would say that the race to AGI is like the race to nuclear weapons and that the first to get there will hold all the cards (and be potentially able to stop others getting there.) It's a bit too sci-fi for me.