I don't know what you mean by current iteration but what I do know is that general-purpose LLMs can already beat the very best of human intelligence some of the time (recent examples). So it won't take very long for a few more breakthroughs to be made which will enable general-purpose AIs (LLMs, other neural networks, or something else entirely) to beat human intelligence most of the time, and then 90% of the time, then 99.9999% of the time. AI is already doing a lot of the coding to make AI and it could discover better alternatives to LLMs.
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