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They all must have figured out by now that they are hitting a limit. I honestly don’t think LLMs will lead us to AGI. I’m sure it’s a step on the path to it, but I’m think it’s a lot further than most think.
So, they make this “agreement”, then the slowdown is just being “responsible” so that the investors don’t panic. Meanwhile they all go full tilt behind the scenes to try to find the next breakthrough.
That's my view as well, LLMs are likely just one piece of a much bigger puzzle and we're now hitting the limit of what you can do with them in practical terms.
It's become so focused on LLMs that that'd be a better outcome, some new research in a new direction