Others siblings have good replies, but also, we regulate without physical danger all the damn time.

See airlines, traffic control, medical equipment, government services, but also we regulate ads, TV, financial services, crypto. I mean we regulate so many “tech” things for the benefit of society this is a losing argument to take. There’s plenty of room to argue the elsewhere but the idea that we don’t regulate tech if it’s not immediately a physical danger is crazy. Even global warming is a huge one, down to housing codes and cars etc. It’s a potential physical danger hundreds of years out, and we’re freaking out about it. Yet AI had the chance to really do much more damage within a much shorter time frame.

We also just regulate soft social stability things all over, be it nudity, noise, etc.