Incidentally this regulation won’t really touch the US providers - at least it sounds like that’s the plan if you listen to current US admin
Which ironically is also the outcome of letting these companies continue unchecked. If they produce AGI/ASI, our economy will go through an upheaval that leaves vast tracts of the population unemployed. This is their stated goal.
We are damned if we do something, and damned if we don’t.
Important people will loose too much money on their tulip investments, so tulips must go up forever?
Seems like a "less pain now or more pain later" type situation.