Agreed about what the "battleground" is, modulo one important nit: not the first AGI, but the first AGI that recursively self-improves at a high speed. (I'm pretty sure that's what you meant, but it's important to keep in mind that, e.g., a roughly human-level AGI as such is not what we need to worry about -- the point is not that intelligent computers are magically superpowerful, but that it seems dangerously likely that quickly self-improving intelligences, if they arrive, will be non-magically superpowerful.)