Depends on the elite. The ones who work at Silicon Valley will probably try making their own startups that develop and create AGI models, or incorporate this into their own companies. They would do this to get in on the mass profit that this could potentially rake in.

The regular rich elites would be investing a lot of money in the companies who will make AGI and profit off of stock growth.

The congressmen would likely focus on developing their own models and try to block hostile nations like China and Russia from hacking the system. Having an AGI early would lead to ASI early which would be a massive geopolitical advantage.