Most of us use ‘AI’ interchangeably with AGI but they are two different classifications of machine intelligence.
Software that can read an email and respond with contextually appropriate replies is “AI”.
Software that is generally the equivalent of the average of all human intelligence in all areas would be “AGI”.
There is a third class, called ASI. This is Artificial Super Intelligence, which is generally understood to be smarter than the smartest human that ever lived.
There is ongoing debate right now about what represents AGI. I think personally, based on the pre ChatGPT definitions, that ChatGPT is an ‘AGI’. It is smarter than the average human in all areas. Can it think for itself? That’s the big question and what some folks, including myself, are speculating might have prompted this move by OpenAI’s board.
One big question: why care? What impact does it have on a business owner? What impact does it have on the Adjacent Possible?
AI (using the term to encompass the entirety of the field) is a massive game changer. In its current state, it allows a scalability to business owners that has not been possible before. AGI and ASI represent a massive increase in that. A machine that can learn and derive insights from that learning is a world changer.