A lot of AI safety experts recommend this course of action. I've found https://www.ai-2040.com to be a good overview of some reasons why.

Unfortunately, Trump is passionately opposed to any AI regulation and is actively calling AI risks a "dumocrat hoax."

So it's unlikely that we'll see any real regulation on the US side any time soon. I'm not banking on China to slow down their AI industry, either.

This seems like a great idea, but absolutely not one that will happen in practice. At least not yet.