AI sucks up the collective blood, sweat and tears of human work without permission or compensation and then re-monetizes it. It's a model that is even more asymmetrical than Google Search, whom at least gives back some traffic to creators (if lucky).
AI is going to decide on human lives if it drives your car or makes medical diagnoses or decisions. This needs regulation.
AI has the ability for convincing deepfakes, attacking the essence of information and communication in itself. This needs regulation, accountability, at least a discussion.
As AI grows in its capability, it will have an enormous impact on the work force, both white collar and blue collar. It may lead to a lot of social unrest and a political breakdown. "Let's see what happens" is wildly irresponsible.
You cannot point to foreign competition as a basis for a no-rule approach. You should start with rules for impactful/dangerous technology and then hold parties to account, both domestic and foreign.
And if it is true that we're in a race to AGI, realize that this means the invention of infinite labor. Bigger than the industrial revolution and information age combined.
Don't you think we should think that scenario through a little, rather than winging it?
The inauguration had the tech CEOs lined up directly behind Trump, clearly signaling who runs the country. Its tech and its media. How can you possible have trust in a technology even more powerful ending up in ever richer and more autocratic hands?
But I suppose the reality is that Altman should donate $100 million to Trump and tell him that he's the greatest man ever. Poof, regulation is gone.