Regulation is certainly needed but we can be certain it won’t be done properly.
More worrying is the fact that for every “benefit” we receive from AI (self driving cars, open source home automation), there are numerous, globally negative consequences such as discriminatory practices based off biased training data. The Chinese executive mistakened for a jaywalker is a clear example of this.
It feels like this is a train that cannot be stopped that will lead to disasterous circumstances.