Does any normal person think "AGI" is real?

I thought that was just the marketing strategy execs employed to get regulatory capture and convince all the AGI pilled researchers to work for them

They seem to be highly pragmatic. Rather than chasing AGI, they are more interested in what can be done with today's technology. Any breakthrough towards AGI will inevitably leak quickly, so they'll be able to catch up as long as the foundation is ready. In a bicycle race, it can be quite beneficial to travel behind the leader and enjoy a reduction in drag forces. Perhaps that's their guiding principle.