jacobt comments on Superintelligent AGI in a box - a question. - Less Wrong
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That's only if you plop a ready-made AGI in the framework. The framework is meant to grow a stupider seed AI.
Program (3) cannot be re-written. Program (2) is the only thing that is changed. All it does is improve itself and spit out solutions to optimization problems. I see no way for it to "create a more effective problem solving AI".
It provides guidance for a seed AI to grow to solve optimization problems better without having it take actions that have effects beyond its ability to solve optimization problems.
A lot goes into solving the optimization problems without invoking the scoring function a trillion times (which would entirely prohibit self improvement).
Look at where similar kind of framework got us, the homo sapiens. We were minding our business evolving, maximizing own fitness, which was the all we could do. We were self improving (the output being next generation's us). Now there's talk of Large Hadron Collider destroying the world. It probably won't, of course, but we're pretty well going along the bothersome path. We also started as a pretty stupid seed AI, a bunch of monkeys. Scratch that, as unicellular life.