I keep reading of an "AI race" but like "AGI" the meaning is unclear, namely the definition of "win", "lose" or "tie" For example, a "space race" might be "won" by the first participant to reach space, or to reach the moon Is it possible to have a "race" without a time limit or a finish line or some way to determine the "winner"
The upside of being right is massive, but the downside of prematurely announcing AGI only for the rest of the world to disagree with your definition is probably tremendously large.
It's a bit of a catch-22