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.