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Controllable metal-insulator transitions (MIT), Rashba-Dresselhaus (RD) spin splitting, and Weyl semimetals are promising schemes for realizing processing devices. Complex oxides are a desirable materials platform for such devices, as they host delicate and tunable charge, spin, orbital, and lattice degrees of freedoms. Here, using first-principles calculations and symmetry analysis, we identify an electric-field tunable MIT, RD effect, and Weyl semimetal in a known, charge-ordered, and polar relativistic oxide Ag
BiO
at room temperature. Remarkably, a centrosymmetric BiO
octahedral-breathing distortion induces a sizable spontaneous ferroelectric polarization through Bi
/Bi
charge disproportionation, which stabilizes simultaneously the insulating phase. The continuous attenuation of the Bi
/Bi
disproportionation obtained by applying an external electric field reduces the band gap and RD spin splitting and drives the phase transition from a ferroelectric RD insulator to a paraelectric Dirac semimetal, through a topological Weyl semimetal intermediate state. These findings suggest that Ag
BiO
is a promising material for spin-orbitonic applications.