I really don't like this framing - it's hard to short a market at the best of times, let alone when governments have a vested interest in tech being too big to fail to compete in the global economic arms race - see Intel's stock in the past few months.

I agree with you both - undoubtedly there are still massive gains to be made with the frontier models we have today with tooling and iteration, yet I do not believe there's sufficient evidence to claim we are rolling towards AG/SI on an exponential curve, without some additional breakthroughs given the jagged edges and data used to train models being fundamentally linear