The most immediate AI milestone is not singularity, but "Economic AGI," where AI can perform most virtual knowledge work better than humans. This threshold, predicted to arrive within 12-18 months, will trigger massive societal and economic shifts long before a "Terminator"-style superintelligence becomes a reality.

METR's research reveals a consistent, exponential trend in AI capabilities over the last five years. When measured by the length of tasks an AI can complete (based on human completion time), this 'time horizon' has been doubling approximately every seven months, providing a single, robust metric for tracking progress.

Unlike advances in specific fields like rocketry or medicine, an advance in general intelligence accelerates every scientific domain at once. This makes Artificial General Intelligence (AGI) a foundational technology that dwarfs the power of all others combined, including fire or electricity.

The AI era is not an unprecedented bubble but the next phase in a recurring pattern where each new computing cycle (mainframe, PC, internet) is roughly 10 times larger than the last. This historical context suggests the current massive investment is proportional and we are still in the early innings.

A key metric for AI progress is the size of a task (measured in human-hours) it can complete. This metric is currently doubling every four to seven months. At this exponential rate, an AI that handles a two-hour task today will be able to manage a two-week project autonomously within two years.

Unlike the dot-com bubble driven by fleeting startups, the AI boom is a sustainable "megatrend." It's led by established giants like Microsoft and Google, developing on a compressed 5-7 year timeline (vs. 15 years for the internet), and operating at a scale 1000x larger, suggesting longevity over a sudden collapse.

While AI may eventually create a world of abundance where energy and labor are free, the transition will be violent. The unprecedented scale of job displacement, coupled with a societal loss of meaning, will likely lead to significant bloodshed and social upheaval before any utopian endpoint is reached.

Demis Hassabis, CEO of Google DeepMind, warns that the societal transition to AGI will be immensely disruptive, happening at a scale and speed ten times greater than the Industrial Revolution. This suggests that historical parallels are inadequate for planning and preparation.

The tech community's negative reaction to a 10-year AGI forecast reveals just how accelerated expectations have become. A decade ago, such a prediction would have been seen as wildly optimistic, highlighting a massive psychological shift in the industry's perception of AI progress.