Why don't you buy this claim? Doesn't it make sense? In order to create AGI, you need employees and computational power. How will you pay for that, if you don't make a profit (and you don't start with enough money)?
Because hoarding money and power for some future state that may never come is pointless. Do what you can now. And how do you even determine what is enough money? billions? trillions? is there even a way to draw that line with sam and the board trying to work together?