The article highlights growing anxieties over AI's potential to harm humanity, echoed by tech leaders' existential warnings. It discusses AI regulation challenges, including the "prisoner's dilemma" and geopolitical competition. The author urges against an unchecked AI race, advocating for international cooperation. A primary concern is a global authoritarian state controlled by super-rich individuals leveraging powerful AI. To mitigate this, a special tax on extreme wealth is proposed, curbing oligarchic power and funding beneficial technologies. Democracy's survival, the author asserts, depends on tackling inequality.