There are basically two regimes. There's the superintelligent regime and there's what comes before that.
In the superintelligent regime, everyone loses. If Russia builds superintelligent AI systems, everyone loses; they cannot control it. It's the same thing for China, it's the same thing for the U.S. and it's the same thing for any country. This is in the superintelligent regime. It's only the superintelligent AI systems that basically have any agency left.
Then there's the pre-superintelligent regime, where there is an actual race, because until there's superintelligence, when you can still steer your systems, you stand to gain a lot of benefits from developing stronger systems. This is why international agreements are important, and indeed, if we fail to build and reach international agreements, things will go badly.
The same is true for biotechnology. The same is true for any type of dangerous weapons, like nuclear weapons. This is why we believe that international agreements are critical, or else you get into the superintelligent regime and things go badly.