The market is priced at expecting AGI levels of breakthroughs. Just a very useful tool for programming is definitely not enough to keep the music playing.
the thing went from the transformer paper in 2017 to basically doing your job for you in 2026
If the market thought AGI was imminent the labs would be worth hundreds of trillions of dollars. AGI is one step away from fully automated economy.
What does "AGI" mean to you such that we have not had it for years already? Whenever I see people mention AGI it's in the future tense, as if we don't have artificial machines that can apply intelligence to general domains.