Scott argues that even if AGI requires a new paradigm beyond LLMs, we shouldn't expect significant delays, since Lindy's Law suggests major paradigm shifts could occur within 3-5 years, and new paradigms typically emerge precisely when scaling hits limits.
Longer summary
Scott addresses the objection that AGI is far off because LLMs need a 'new paradigm' to reach AGI. He traces the evolutionary tree of AI development from neural networks through transformers to modern LLMs, then applies Lindy's Law to show that even paradigm shifts as major as deep learning or transformers should be expected within 3-5 years at the 25th percentile. He argues this timeline is comparable to LLM-only predictions anyway. Scott also makes a subtler point: new paradigms historically emerge when old ones hit scaling limits, meaning they won't cause delays but rather continue progress from where scaling left off. He concludes that extrapolating from current LLM scaling remains the best forecasting method whether or not LLMs themselves reach AGI.
Shorter summary