We will observe ourselves creating AGI, and see the AGI creating a simulation to understand its own nature and its past, and that simulation will contain us, observing ourselves creating AGI; there is no way of knowing how deep into the loop we are
an AGI is probably going to be based on a principle of growth that is beating a substrate into submission (similar as it happens in our own mind), so unless we introduce limits below the threshold if discovering its own structural principles, it is going to conquer the universe
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the AGI may then decide to run a more efficient simulation of its parent universe, and supply the simulation API to the emerging daughter AGI as a kind of cosmic quantum oracle; you only need to cheat at the root
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