You can run AGI on a cheesy computer like a common household computer. It just 
will have little training data and therefore little things to "compute". You 
can tell by the accuracy that it does better than dumber AIs with the same 
amount of training data.

While our computers may be crappy still in terms of speed/memory, as if they 
are only as good as we are won't help us much, you must understand we can 
easily make ASIs after we reach AGI, these can run on our computers with much 
less training data and compute. The idea is that Brute Force takes up a ton of 
memory and compute, and an ASI is the opposite.
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Artificial General Intelligence List: AGI
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