I won't argue that the incentives for regulators aren't really messed up.
But I argue that AI is different from just about any tech we've ever created because of:
* its potential to destroy vast number of jobs faster than any previous kind of tech. * its ability to destroy those jobs permanently and thoroughly. To not leave any space left where humans can provide more value than machines. * its ability to vastly accelerate the development of many other kinds of technology, good and bad, and destabilize our already unstable society further. * its potential, not that far off, to eventually think, make decisions for itself, and have its own goals which may conflict with humanity. All the existential risk stuff.
(1) https://astralcodexten.substack.com/p/heuristics-that-almost...