AI development game theory is extremely similar to the game theory behind nuclear arms development, but worse (nuclear weaponry was born from Human General Intelligence, and is therefore a subset of the potential of AI development). Failing to be the most capable actor could put one in a position of permanent loss of autonomy/agency at the whims of more capable actors.
Unfortunately, as a species we seem to be abandoning morality as a general principle. Everything is guided by cold hard rationality rather than something greater than us.
I think that much is fairly clear from AI.
Why would an AI which is smarter than humans care about a ridiculous belief like "We own you"?