Artificial General Intelligence (AGI) of human caliber potential to carry out a range of tasks is theoretically feasible. Existing AI can only specialize in certain fields, and as of now, it is still difficult to match the scope and modifications of human intelligence. Essential discoveries on how cognition works in the first place are still needed to create true AGI.
The challenges are regarded as major and are associated with an effective scaling of architectures and attaining perception, rather than an ability to recognize patterns. There is no clear outline of general intelligence. As processing increases, it is very uncertain how to develop suits of not only flexible, but also context- sensitive reasoning that humans exhibit in their thinking. The trajectory is still complicated and difficult to foresee.
The most massive existential risk is the loss of control. Optimization of a vague objective by an AGI may lead to disastrous results that do not consider human values or survival. The fact is that it remains a tremendous challenge to contain an entity that is way beyond human reach.
The other deep risk is aligning the goals of AGI with sophisticated, changing human ethics. It is very hard to define universal human values and incorporate them impeccably. Any slight disagreement would create irreparable consequences to the extent that the AGI operates more effectively than a human being on faulty instructions.
In addition to the existential hazards it would bring, AGI would result in enormous upheaval of society due to widespread automation, which would threaten to bring unemployment and destabilization at unprecedented levels. The use of autonomous warfare, mass surveillance, or cyber-attacks as malicious activities poses prodigious risks. It requires unparalleled coordination around the world.
Conclusion:
Real AGI is a possibility, which will depend on its success. The risks are also significant, especially the loss of control, misalignment to the current goals and upheaval in the society. These risks must be dealt with by ensuring that there is sound safety research, strong ethical systems and proper international regulation before any such capability is approached. It must be proactively mitigated.