Knowledge is the most important resource. If you ban innovation you stop progress because the learning stops and that’s the easiest way to add odds to the existential risk category. If errors are not allowed we cannot learn and progress.
You cannot dictate innovation or buy it with money no matter how much politicians like to make you believe so.
Expecting to create an AGI without first understanding in detail how it works is like expecting skyscrapers to learn to fly if we build them tall enough.David Deutsch
I was in a live TV discussion about this topic yesterday. Below you can watch selected clips and the last one is the full version.