I have no idea how people can consider this to be a hype bubble especially after the o3 release. It smashed the ARC AGI benchmark on the performance front. It ranks as the 175th best competitive coder in the world on Codeforces' leaderboard.
o3 proved that it is possible to have at least an expert AGI if not a Virtuoso AGI (according to Deep mind's definition of AGI). Sure, it's not economical yet. But it will get there very soon (just like how the earlier GPTs were a lot dumber and took a lot more energy than the newer, smaller parameter models).
Please remember - fight to seize the means of production. Do not fight the means of production themselves.