Yes, but, intelligence isn't just depth, it's breadth.
In this case, to make possible exponential growth, AI has to be able to do most of the steps required to build more AI (and useful things for humans to get money).
Right now that means AI needs to be capable of controlling many robots, doing many separate tasks that need to be done (to ultimately manufacture more chips and power generators and so on).
And not able, yet, to actually control this: https://www.youtube.com/watch?v=XPVC4IyRTG8 . (that boston dynamics machine is kinda hard coded, it is not being driven by current gen AI)
I think we're close and see for the last steps people can use chatGPT/codex to help them write the code, there's a lot more money to invest in this, they can use AI to design the chips for even better compute : lots of ways to make the last steps take less time than expected.
It's fascinating, existential, hopeful, and worrisome to the n'th degree, here's hoping its post scarcity utopia, rather than something Orwell could never have fathomed.
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