Artificial intelligence is already reshaping industries and markets, even though artificial general intelligence (AGI) – a still theoretical form of AI capable of humanlike reasoning across many tasks rather than single specialised functions – has yet to be achieved. That was the message of a recent essay posted on X by start-up founder Matt Shumer, titled “Something Big Is Happening”. He likened the current moment to the period just before the Covid-19 pandemic, arguing that the disruption...