Detailed Explanation
Artificial General Intelligence (AGI) is a theoretical form of AI that possesses the ability to understand, learn, and apply knowledge across a wide range of tasks at a level equal to or better than a human being. While current AI systems (like ChatGPT) are considered 'Narrow AI' because they excel at specific tasks (like text generation), AGI would possess true flexibility, common sense reasoning, and the ability to transfer learning between entirely unrelated domains.