Yeah I totally agree with you. From what I've seen only China has enacted sensible and quick regulations. Found this website regulations.ai.

I believe / hope that AI pushes the abilities humans need upwards. Like there is AI that can do character animation, but you still need a motion choreographer who interprets the script and tweaks the AI and has the words and thinking and creativity for character animation. Same for programming, you still need to design the shape of the program and unit tests and understand the architecture.

But with every progress a larger percentage of people will be replaced and their labor not valuable any more. It's either socialism and planned economy either with or without free market or bust.

One hope I have is that we'll also be able to use AI and advanced robotics for "subsistence living". There are apparently humanoid robots for $6000 in China now. And once smartphones and AI are good enough you could use one as a "control module". We might also build robots much easier out of wood and servos in the future, because other machine learning models allow control of very "imprecise" robots. And then if we're not prevented by IP law "we" as individual or groups of people could also directly benefit from the free labor. And the more advanced these AI models become, the more we could liberating ourselves from wage slavery.

They dont have that either. There is plenty of competition in the space with no moats at the.moment.