> AI companies are hugely overvalued

Most of everything tends to suck. Most projects go nowhere, most companies fail, most scientific papers are garbage.

> how far away from general intelligence they still are

Economically the real question is to what extent can these systems replace or augment human labour. And I think right now the extent is pretty shocking if not currently very well integrated.

Scientifically the fact they are bad at using subagents is sort of expected. How to use agents effectively is still a bit of an open question. A human from mid 2025 would be bad at it. Why should a model trained on data from 2025 be good at it?

If these things were to be generally intelligent they need feedback and retraining. Which persumable the Labs will do once these sorts of questions start having good answers and we can create good benchmarks and measures for meta orchestration.

> Most of everything tends to suck. Most projects go nowhere, most companies fail, most scientific papers are garbage.

Umm, whats your point? We arent spending 1.4t on other shitty things that are tipping to fail