The real AGI was the money we siphoned along the way.

This is pretty good!

Absolute Grift Industry

They didn't have a better definition of AGI to draw from. The old Turing test proved to not be a particularily good test. So lacking a definition money was used as a proxy. Which to me seems fair. Unless you've got a better definition of AGI that is solid enough to put in a high dollar value contract?

“Only” means that it is a necessary condition, not a sufficient one.

That's true, but the $100 billion requirement is the only hard qualification defined in earlier agreements. The rest of the condition was left to the "reasonable discretion" of the board of OpenAI. (https://archive.is/tMJoG)

The “reasonableness” is something they could go to court over if necessary, whereas the $100 billion is a hard requirement.