Projects like ASMv2 play a crucial role in advancing artificial general intelligence (AGI) by enhancing multimodal understanding capabilities of AI systems through tasks like Relation Conversation (ReC). These advancements contribute towards bridging the gap between language understanding and visual perception - key components of AGI development. By improving object recognition accuracy and deepening relational comprehension abilities within images using projects like ASMv2, researchers pave the way for more sophisticated AGI systems capable of reasoning across different modalities seamlessly. Furthermore, insights gained from projects like ASMV2 can inform future research directions towards achieving higher levels of cognitive abilities akin to human-like intelligence.