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Author here, I drew on this from AI 2027. Yes, a very-expensive AGI, e.g. $1 million / day to simulate a smart human, would be a huge deal. But it would have meaningfully different effects than a cheap one.

Here's one definition AI 2027 used [1]: "Superhuman coder (SC): An AI system for which the company could run with 5% of their compute budget 30x as many agents as they have human research engineers..."

[1] https://ai-2027.com/research/timelines-forecast

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I've got no problem with your concept, and even think it's useful. I just don't think that concept and AGI are the same thing. Economically useful has no relation to what has been called AGI before.

I take it as a sign of how close it is (or how close people think it is). When AGI was SFnal magic, merely having it at all is a fascinating concept. Now that (people think) it's on the horizon, there are more practical concerns, like the fact that running these things might cost a substantial amount of money.

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