A.I. exists. It will continue to get better. If letting people use it becomes illegal, they'll just use it themselves and cut us out. A world where the general population have access to A.I. is the only one where we're not totally fucked. I'm not simping for Google or Facebook, I'd much prefer an open source self hostable version. The only way we can stay competitive is if these companies continue to develop these in the open for the consumer market.
General purpose artificial intelligence will exist. Full stop. Intelligence is the most valuable resource in the universe. You're not going to stop it from existing, you're just going to stop them from sharing it with you.